Alibaba Group Holding Limited (NYSE:BABA) Position Lowered by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd cut its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 416,576 shares of the specialty retailer’s stock after selling 6,600 shares during the period. Alibaba Group makes up about 9.1% of Polunin Capital Partners Ltd’s portfolio, making the stock its 4th biggest holding. Polunin Capital Partners Ltd’s holdings in Alibaba Group were worth $35,448,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB increased its stake in Alibaba Group by 6.9% during the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after acquiring an additional 178,999 shares during the last quarter. Marcum Wealth LLC bought a new position in shares of Alibaba Group during the 3rd quarter valued at approximately $277,000. Sanibel Captiva Trust Company Inc. raised its holdings in Alibaba Group by 26.1% during the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 14,121 shares of the specialty retailer’s stock valued at $1,499,000 after buying an additional 2,921 shares during the period. Systrade AG bought a new stake in Alibaba Group in the third quarter worth $1,080,000. Finally, UMB Bank n.a. boosted its stake in Alibaba Group by 361.0% during the third quarter. UMB Bank n.a. now owns 4,172 shares of the specialty retailer’s stock worth $443,000 after buying an additional 3,267 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of BABA stock opened at $100.36 on Friday. The company has a market cap of $238.73 billion, a P/E ratio of 20.36, a PEG ratio of 0.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The stock’s 50-day moving average is $87.44 and its 200 day moving average is $89.33. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.82 EPS. Research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BABA shares. Citigroup increased their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays decreased their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Robert W. Baird raised their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Mizuho upped their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.13.

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.