Alibaba Group Holding Limited (NYSE:BABA) is Maple Rock Capital Partners Inc.'s 5th Largest Position

Maple Rock Capital Partners Inc. cut its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 771,300 shares of the specialty retailer's stock after selling 293,000 shares during the period. Alibaba Group comprises 2.0% of Maple Rock Capital Partners Inc.'s portfolio, making the stock its 5th largest holding. Maple Rock Capital Partners Inc.'s holdings in Alibaba Group were worth $65,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BABA. Appaloosa LP grew its holdings in Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after buying an additional 1,843,158 shares in the last quarter. Norges Bank purchased a new position in shares of Alibaba Group in the fourth quarter valued at $585,479,000. Fisher Asset Management LLC increased its position in Alibaba Group by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock worth $431,906,000 after purchasing an additional 78,757 shares during the last quarter. Renaissance Technologies LLC raised its stake in Alibaba Group by 208.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after purchasing an additional 2,024,640 shares in the last quarter. Finally, North of South Capital LLP lifted its position in Alibaba Group by 17.9% during the fourth quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer's stock valued at $167,525,000 after purchasing an additional 300,432 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

NYSE:BABA traded up $5.33 during trading hours on Friday, hitting $125.86. 18,023,694 shares of the stock were exchanged, compared to its average volume of 20,598,556. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43. The company has a market cap of $300.54 billion, a P/E ratio of 18.19, a P/E/G ratio of 0.61 and a beta of 0.24. The firm's fifty day moving average price is $125.16 and its 200 day moving average price is $105.33.

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

Analyst Ratings Changes

Several research firms have recently weighed in on BABA. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Mizuho upgraded shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, April 18th. Robert W. Baird raised their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Bank of America raised their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Fourteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Company Profile

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.