Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Everstar Asset Management LLC

Everstar Asset Management LLC lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 44.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,248 shares of the specialty retailer’s stock after selling 4,908 shares during the quarter. Everstar Asset Management LLC’s holdings in Alibaba Group were worth $530,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BABA. Foundations Investment Advisors LLC boosted its position in shares of Alibaba Group by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after purchasing an additional 27,088 shares during the period. Berkshire Asset Management LLC PA acquired a new position in Alibaba Group during the fourth quarter worth $911,000. Exchange Traded Concepts LLC boosted its position in shares of Alibaba Group by 131.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after buying an additional 42,446 shares during the period. Bailard Inc. grew its stake in shares of Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock valued at $869,000 after buying an additional 3,242 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at $115,995,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BABA. Robert W. Baird raised their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Benchmark raised their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. StockNews.com downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. raised their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $148.14.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $132.49 on Monday. The stock’s 50-day simple moving average is $121.60 and its 200-day simple moving average is $102.70. 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 firm has a market capitalization of $314.80 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analysts’ expectations 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 research analysts forecast that Alibaba Group Holding Limited will post 7.86 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.