Sycomore Asset Management Has $237,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Sycomore Asset Management decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 20.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,800 shares of the specialty retailer’s stock after selling 700 shares during the quarter. Sycomore Asset Management’s holdings in Alibaba Group were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Concord Wealth Partners raised its stake in shares of Alibaba Group by 155.0% during the 3rd 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. Highline Wealth Partners LLC bought a new position in Alibaba Group during the third quarter valued at about $36,000. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the fourth quarter worth about $31,000. Assetmark Inc. raised its position in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 275 shares during the period. Finally, Kieckhefer Group LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $55,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 3.3 %

NYSE BABA opened at $103.71 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $117.82. The stock has a 50-day moving average of $88.04 and a 200-day moving average of $89.69. The firm has a market cap of $246.69 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) 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%. Alibaba Group’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 EPS. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Robert W. Baird lifted their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Barclays reduced 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. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.86.

Alibaba Group 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.