Philosophy Capital Management LLC Sells 5,516 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Philosophy Capital Management LLC lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,193 shares of the specialty retailer’s stock after selling 5,516 shares during the quarter. Alibaba Group comprises 1.5% of Philosophy Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Philosophy Capital Management LLC’s holdings in Alibaba Group were worth $18,379,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. bought a new position in Alibaba Group during the second quarter worth $25,000. GPS Wealth Strategies Group LLC grew its stake in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 209 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group in the 2nd quarter valued at about $27,000. Concord Wealth Partners raised its position in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares during the period. Finally, Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the 3rd quarter worth $36,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BABA has been the subject of a number of analyst reports. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Monday, October 7th. Robert W. Baird boosted their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America raised their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Finally, Susquehanna dropped their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Stock Performance

NYSE BABA opened at $85.68 on Wednesday. The company has a market capitalization of $205.01 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.42 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The company has a 50-day simple moving average of $98.14 and a 200 day simple moving average of $86.09.

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