Gladstone Capital Management LLP Sells 672,317 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Gladstone Capital Management LLP lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 99.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,000 shares of the specialty retailer's stock after selling 672,317 shares during the quarter. Alibaba Group makes up approximately 0.0% of Gladstone Capital Management LLP's holdings, making the stock its 26th biggest holding. Gladstone Capital Management LLP's holdings in Alibaba Group were worth $85,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $321,000. The Manufacturers Life Insurance Company acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $287,000. Benjamin Edwards Inc. bought a new stake in shares of Alibaba Group in the 3rd quarter valued at about $508,000. Integrated Wealth Concepts LLC raised its position in shares of Alibaba Group by 15.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,680 shares of the specialty retailer's stock valued at $3,043,000 after acquiring an additional 3,853 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in Alibaba Group by 56.8% during the 3rd quarter. Quantinno Capital Management LP now owns 19,659 shares of the specialty retailer's stock worth $2,086,000 after acquiring an additional 7,123 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Ratings Changes

BABA has been the subject of several research analyst reports. Mizuho boosted their price target on shares of Alibaba Group from $140.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, March 28th. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Benchmark increased their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Alibaba Group has a consensus rating of "Buy" and a consensus price target of $148.14.

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Alibaba Group Stock Performance

BABA stock traded down $7.25 during trading hours on Tuesday, reaching $98.74. The stock had a trading volume of 40,224,662 shares, compared to its average volume of 19,972,102. The stock has a 50-day simple moving average of $126.09 and a 200 day simple moving average of $104.36. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The stock has a market capitalization of $234.52 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion for 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%. Analysts predict 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.