Moon Capital Management LP Lowers Stake in Alibaba Group Holding Limited (NYSE:BABA)

Moon Capital Management LP cut its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,294 shares of the specialty retailer's stock after selling 19,000 shares during the quarter. Alibaba Group comprises approximately 1.2% of Moon Capital Management LP's portfolio, making the stock its 13th largest holding. Moon Capital Management LP's holdings in Alibaba Group were worth $1,636,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Appaloosa LP raised its stake in shares of Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after buying an additional 1,843,158 shares in the last quarter. Norges Bank purchased a new position in Alibaba Group in the 4th quarter valued at approximately $585,479,000. Fisher Asset Management LLC increased its stake in Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock valued at $431,906,000 after purchasing an additional 78,757 shares in the last quarter. Renaissance Technologies LLC increased its stake in Alibaba Group by 208.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after purchasing an additional 2,024,640 shares in the last quarter. Finally, North of South Capital LLP increased its stake in Alibaba Group by 17.9% in the 4th quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer's stock valued at $167,525,000 after purchasing an additional 300,432 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Down 1.6 %

Shares of BABA stock traded down $1.91 during mid-day trading on Monday, hitting $118.37. 10,660,505 shares of the company's stock were exchanged, compared to its average volume of 20,705,966. The stock has a 50-day simple moving average of $126.47 and a two-hundred day simple moving average of $104.80. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. 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 cap of $282.87 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. Equities analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the subject of several research analyst reports. Robert W. Baird raised their price objective on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Citigroup dropped their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Benchmark raised their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Arete Research raised Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Fourteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alibaba Group has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Company 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.