Templeton & Phillips Capital Management LLC Cuts Stake in Alibaba Group Holding Limited (NYSE:BABA)

Templeton & Phillips Capital Management LLC lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,175 shares of the specialty retailer’s stock after selling 96 shares during the period. Templeton & Phillips Capital Management LLC’s holdings in Alibaba Group were worth $354,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the fourth quarter valued at about $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $32,000. Vision Financial Markets LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $55,000. Kieckhefer Group LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $55,000. Finally, Golden State Wealth Management LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $60,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 1.3 %

Shares of NYSE:BABA opened at $135.16 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43. The business has a 50 day moving average of $116.49 and a two-hundred day moving average of $100.91. The company has a market capitalization of $321.14 billion, a PE ratio of 19.53, a PEG ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. As a group, analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays lifted their target price on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Benchmark raised their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $144.07.

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.