Clearline Capital LP Has $18.81 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Clearline Capital LP lessened its stake in Alibaba Group Holding Limited (NYSE:BABA) by 24.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 221,875 shares of the specialty retailer’s stock after selling 72,974 shares during the quarter. Alibaba Group accounts for 2.5% of Clearline Capital LP’s holdings, making the stock its 10th biggest position. Clearline Capital LP’s holdings in Alibaba Group were worth $18,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BABA. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL grew its stake 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 valued at $46,000 after buying an additional 200 shares in the last quarter. Redwood Park Advisors LLC acquired a new position in Alibaba Group during the fourth quarter worth $52,000. Finally, Vision Financial Markets LLC bought a new stake in Alibaba Group during the fourth quarter worth $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Mizuho raised shares of Alibaba Group to a “strong-buy” rating in a report on Friday, April 18th. Bank of America upped their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Robert W. Baird lifted their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Finally, Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Fourteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $150.36.

Alibaba Group Stock Performance

NYSE BABA opened at $123.20 on Thursday. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The company has a market cap of $294.19 billion, a P/E ratio of 17.80, a PEG ratio of 0.61 and a beta of 0.24. The company has a fifty day simple moving average of $124.55 and a 200 day simple moving average of $105.81. 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 posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 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 the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share 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.