Alibaba Group Holding Ltd (NYSE:BABA) Shares Sold by Horseman Capital Management Ltd

Horseman Capital Management Ltd lessened its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 15.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 6,000 shares of the specialty retailer’s stock after selling 1,100 shares during the period. Horseman Capital Management Ltd’s holdings in Alibaba Group were worth $1,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. RDA Financial Network acquired a new stake in shares of Alibaba Group during the first quarter worth about $1,341,000. CX Institutional raised its position in Alibaba Group by 1,240.0% during the first quarter. CX Institutional now owns 268 shares of the specialty retailer’s stock valued at $49,000 after acquiring an additional 248 shares in the last quarter. M Holdings Securities Inc. raised its position in Alibaba Group by 8.5% during the first quarter. M Holdings Securities Inc. now owns 8,790 shares of the specialty retailer’s stock valued at $1,604,000 after acquiring an additional 685 shares in the last quarter. Soma Equity Partners LP raised its position in Alibaba Group by 6.7% during the first quarter. Soma Equity Partners LP now owns 480,000 shares of the specialty retailer’s stock valued at $87,576,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA raised its position in Alibaba Group by 5.5% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 25,166 shares of the specialty retailer’s stock valued at $4,592,000 after acquiring an additional 1,320 shares in the last quarter. 40.84% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE BABA opened at $156.23 on Monday. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $195.72. The stock has a market cap of $409.65 billion, a P/E ratio of 43.52, a price-to-earnings-growth ratio of 1.17 and a beta of 2.30. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average is $170.61.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $7.82. The firm had revenue of $93.50 billion during the quarter, compared to analysts’ expectations of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The business’s revenue was up 51.0% on a year-over-year basis. During the same period in the prior year, the firm earned $5.73 EPS. Analysts anticipate that Alibaba Group Holding Ltd will post 5.12 EPS for the current year.

Several brokerages recently weighed in on BABA. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a research report on Friday, May 24th. KeyCorp reiterated an “overweight” rating and set a $240.00 price target (up from $210.00) on shares of Alibaba Group in a research report on Tuesday, May 7th. UBS Group set a $210.00 price target on Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Barclays boosted their price target on Alibaba Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. One analyst has rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $218.48.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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