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

Gladstone Capital Management LLP reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 99.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,000 shares of the specialty retailer’s stock after selling 672,317 shares during the period. Alibaba Group comprises about 0.0% of Gladstone Capital Management LLP’s portfolio, making the stock its 26th biggest holding. Gladstone Capital Management LLP’s holdings in Alibaba Group were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hel Ved Capital Management Ltd bought a new position in Alibaba Group in the fourth quarter valued at $2,010,000. Integrated Quantitative Investments LLC purchased a new position in shares of Alibaba Group in the 4th quarter worth about $1,357,000. Arete Wealth Advisors LLC increased its position in shares of Alibaba Group by 3.1% during the 4th quarter. Arete Wealth Advisors LLC now owns 8,249 shares of the specialty retailer’s stock valued at $700,000 after purchasing an additional 248 shares during the last quarter. World Investment Advisors raised its holdings in shares of Alibaba Group by 4.0% during the 4th quarter. World Investment Advisors now owns 10,660 shares of the specialty retailer’s stock valued at $904,000 after buying an additional 408 shares in the last quarter. Finally, Huntington National Bank lifted its position in Alibaba Group by 24.0% in the 4th quarter. Huntington National Bank now owns 2,602 shares of the specialty retailer’s stock worth $221,000 after buying an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 9.9 %

NYSE:BABA opened at $116.56 on Friday. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43. The company has a market capitalization of $276.85 billion, a PE ratio of 16.84, a P/E/G ratio of 0.61 and a beta of 0.24. The firm’s 50-day moving average price is $125.77 and its 200-day moving average price is $103.96. 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) 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. On average, equities analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BABA shares. Barclays upped their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Robert W. Baird raised their price target on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Benchmark raised their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $148.14.

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.