Biglari Capital CORP. Sells 5,000 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Biglari Capital CORP. decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 33.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the specialty retailer’s stock after selling 5,000 shares during the quarter. Alibaba Group accounts for approximately 0.2% of Biglari Capital CORP.’s holdings, making the stock its 10th biggest position. Biglari Capital CORP.’s holdings in Alibaba Group were worth $1,061,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bamco Inc. NY boosted its stake in shares of Alibaba Group by 6.4% during the 3rd quarter. Bamco Inc. NY now owns 1,434,625 shares of the specialty retailer’s stock valued at $152,242,000 after buying an additional 86,056 shares during the period. Erste Asset Management GmbH acquired a new position in Alibaba Group during the 3rd quarter worth $9,496,000. Cobblestone Capital Advisors LLC NY boosted its holdings in Alibaba Group by 5.8% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 3,635 shares of the specialty retailer’s stock valued at $386,000 after acquiring an additional 200 shares during the period. TRUE Private Wealth Advisors lifted its position in shares of Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 112 shares during the last quarter. Finally, Twenty Acre Capital LP boosted its stake in Alibaba Group by 18.6% during the 3rd quarter. Twenty Acre Capital LP now owns 28,700 shares of the specialty retailer’s stock valued at $3,046,000 after purchasing an additional 4,500 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BABA. Sanford C. Bernstein raised their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Truist Financial reduced their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 16th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Mizuho increased their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Bank of America upped their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group Stock Up 0.9 %

Shares of NYSE:BABA opened at $87.37 on Monday. The company has a 50 day moving average of $98.45 and a 200-day moving average of $86.11. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82. The stock has a market cap of $209.05 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 0.43 and a beta of 0.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 EPS. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

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.