Alibaba Group Holding Limited (NYSE:BABA) Holdings Cut by Moon Capital Management LP

Moon Capital Management LP decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 49.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,294 shares of the specialty retailer's stock after selling 19,000 shares during the quarter. Alibaba Group accounts for about 1.2% of Moon Capital Management LP's holdings, making the stock its 13th largest holding. Moon Capital Management LP's holdings in Alibaba Group were worth $1,636,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BABA. Rings Capital Management LLC increased its holdings in Alibaba Group by 1.4% during the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after acquiring an additional 100 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after acquiring an additional 101 shares in the last quarter. Global Endowment Management LP grew its holdings in shares of Alibaba Group by 1.4% during the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock worth $642,000 after buying an additional 106 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Alibaba Group by 3.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock worth $266,000 after buying an additional 108 shares in the last quarter. Finally, TBH Global Asset Management LLC grew its holdings in shares of Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock worth $407,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Down 0.4 %

Shares of NYSE BABA traded down $0.42 during trading on Wednesday, reaching $118.46. 5,925,316 shares of the stock were exchanged, compared to its average volume of 28,509,898. The business's 50-day moving average price is $125.98 and its 200 day moving average price is $104.95. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $283.09 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

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 analysts' consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Bank of America lifted their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Fourteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group 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.