Alibaba Group Holding Limited (NYSE:BABA) Stake Lessened by Slate Path Capital LP

Slate Path Capital LP cut its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 24.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,466,100 shares of the specialty retailer’s stock after selling 463,200 shares during the quarter. Alibaba Group accounts for 2.3% of Slate Path Capital LP’s portfolio, making the stock its 19th largest position. Slate Path Capital LP owned about 0.06% of Alibaba Group worth $124,311,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the 4th quarter worth approximately $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group in the 4th quarter worth about $32,000. Strategic Investment Solutions Inc. IL increased its position in shares of Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 200 shares in the last quarter. Redwood Park Advisors LLC purchased a new position in Alibaba Group during the 4th quarter worth approximately $52,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Alibaba Group during the fourth quarter valued at $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.1 %

Shares of Alibaba Group stock opened at $110.06 on Tuesday. Alibaba Group Holding Limited has a 12-month low of $69.12 and a 12-month high of $148.43. The company has a 50-day simple moving average of $126.90 and a 200 day simple moving average of $104.59. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $263.01 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Arete Research raised Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Robert W. Baird lifted their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Fourteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Alibaba Group has a consensus rating of “Buy” and a consensus target price of $150.36.

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.