Y Intercept Hong Kong Ltd Reduces Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Y Intercept Hong Kong Ltd decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 54.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,947 shares of the specialty retailer’s stock after selling 34,252 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Alibaba Group were worth $2,454,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Concord Wealth Partners boosted its position 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. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the 4th quarter worth approximately $31,000. Sierra Ocean LLC purchased a new position in shares of Alibaba Group during the 4th quarter worth approximately $32,000. Highline Wealth Partners LLC purchased a new position in shares of Alibaba Group during the 3rd quarter worth approximately $36,000. Finally, Assetmark Inc. boosted its position in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BABA shares. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird increased their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Citigroup raised their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Benchmark raised their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. Finally, Mizuho raised their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $138.36.

Alibaba Group Price Performance

Alibaba Group stock opened at $128.87 on Tuesday. The stock has a market cap of $306.18 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The company has a fifty day simple moving average of $96.29 and a 200-day simple moving average of $93.43. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.30. 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 (NYSE:BABA) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Equities analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.