EPIQ Capital Group LLC Cuts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

EPIQ Capital Group LLC lowered its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 41,168 shares of the specialty retailer’s stock after selling 5,201 shares during the quarter. Alibaba Group comprises 0.9% of EPIQ Capital Group LLC’s portfolio, making the stock its 17th largest holding. EPIQ Capital Group LLC’s holdings in Alibaba Group were worth $3,491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sanders Capital LLC increased its position in shares of Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock valued at $1,959,021,000 after purchasing an additional 60,667 shares during the last quarter. Hhlr Advisors LTD. boosted its stake in Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after buying an additional 3,448,152 shares during the period. Fisher Asset Management LLC increased its position in Alibaba Group by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock valued at $431,906,000 after acquiring an additional 78,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Alibaba Group by 3,180.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after acquiring an additional 3,740,150 shares during the period. Finally, FMR LLC lifted its holdings in shares of Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after acquiring an additional 2,959,954 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 0.5 %

NYSE:BABA opened at $140.59 on Monday. The firm has a 50-day simple moving average of $105.46 and a 200-day simple moving average of $96.90. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.36. The firm has a market cap of $334.04 billion, a P/E ratio of 20.32, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays raised their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.