Alibaba Group Holding Limited (NYSE:BABA) is Polunin Capital Partners Ltd’s 4th Largest Position

Polunin Capital Partners Ltd trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 416,576 shares of the specialty retailer’s stock after selling 6,600 shares during the quarter. Alibaba Group accounts for approximately 9.1% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 4th biggest holding. Polunin Capital Partners Ltd’s holdings in Alibaba Group were worth $35,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its holdings 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 period. Marcum Wealth LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $277,000. Sanibel Captiva Trust Company Inc. increased its holdings in shares of 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 purchasing an additional 2,921 shares in the last quarter. Systrade AG acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $1,080,000. Finally, UMB Bank n.a. boosted its holdings 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 in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BABA. Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Citigroup boosted their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Barclays decreased their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Finally, Robert W. Baird boosted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Stock Up 1.1 %

Shares of NYSE:BABA opened at $100.36 on Friday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $87.44 and a two-hundred day moving average of $89.33. The stock 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.

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 the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 EPS. On average, research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share 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.