Sycomore Asset Management Has $152,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

Sycomore Asset Management trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 85.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,000 shares of the specialty retailer's stock after selling 12,000 shares during the period. Sycomore Asset Management's holdings in Alibaba Group were worth $152,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Savant Capital LLC lifted its holdings in Alibaba Group by 2.7% during the 3rd quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer's stock worth $413,000 after purchasing an additional 127 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in Alibaba Group by 2.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer's stock worth $584,000 after purchasing an additional 136 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in Alibaba Group by 4.6% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 3,170 shares of the specialty retailer's stock worth $275,000 after purchasing an additional 140 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Alibaba Group by 32.9% during the 3rd quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 142 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in Alibaba Group by 45.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 458 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 143 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on BABA. Susquehanna lowered their price objective on Alibaba Group from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday, February 8th. Benchmark restated a "buy" rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lowered their price objective on Alibaba Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 9th. Citigroup lowered their price objective on Alibaba Group from $126.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 10th. Finally, Mizuho restated a "buy" rating and set a $95.00 price objective on shares of Alibaba Group in a research note on Wednesday, March 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Alibaba Group currently has an average rating of "Moderate Buy" and an average price target of $112.91.

Alibaba Group Price Performance

Shares of NYSE BABA traded up $2.12 during mid-day trading on Wednesday, hitting $74.63. 16,329,654 shares of the stock traded hands, compared to its average volume of 18,108,307. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The company has a market cap of $189.37 billion, a PE ratio of 13.77 and a beta of 0.46. The firm has a 50 day simple moving average of $73.14 and a two-hundred day simple moving average of $75.57.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. During the same period last year, the business earned $2.44 EPS. The company's revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

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.

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