GMT Capital Corp Sells 403,300 Shares of Alibaba Group Holding Limited (NYSE:BABA)

GMT Capital Corp cut its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 34.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 767,400 shares of the specialty retailer's stock after selling 403,300 shares during the period. Alibaba Group makes up approximately 3.2% of GMT Capital Corp's investment portfolio, making the stock its 12th largest position. GMT Capital Corp's holdings in Alibaba Group were worth $65,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group in the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group in the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after acquiring an additional 200 shares during the last quarter. Redwood Park Advisors LLC bought a new position in Alibaba Group in the 4th quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC bought a new position in Alibaba Group in the 4th quarter valued at approximately $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Up 0.9 %

NYSE:BABA traded up $1.06 on Friday, hitting $120.35. The stock had a trading volume of 9,273,861 shares, compared to its average volume of 20,745,960. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $287.60 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The firm's fifty day simple moving average is $126.47 and its two-hundred day simple moving average is $104.80.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. Analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on BABA. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Benchmark increased their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Citigroup cut their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Fourteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $150.36.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.