Nkcfo LLC Sells 7,000 Shares of Alibaba Group Holding Limited $BABA

Nkcfo LLC lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 33.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,800 shares of the specialty retailer’s stock after selling 7,000 shares during the period. Nkcfo LLC’s holdings in Alibaba Group were worth $2,023,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. NTV Asset Management LLC raised its stake in shares of Alibaba Group by 127.4% during the third quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer’s stock worth $2,707,000 after purchasing an additional 8,484 shares during the last quarter. ARK Investment Management LLC purchased a new stake in shares of Alibaba Group during the third quarter worth approximately $37,565,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Alibaba Group by 14.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 30,361 shares of the specialty retailer’s stock worth $5,427,000 after purchasing an additional 3,929 shares during the last quarter. Great Hill Capital LLC purchased a new stake in shares of Alibaba Group during the third quarter worth approximately $2,207,000. Finally, Stanley Laman Group Ltd. acquired a new position in Alibaba Group during the third quarter worth $1,966,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 1.2%

BABA opened at $131.97 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market cap of $315.63 billion, a P/E ratio of 24.90, a PEG ratio of 2.37 and a beta of 0.50. Alibaba Group Holding Limited has a 52 week low of $103.71 and a 52 week high of $192.67. The business’s fifty day simple moving average is $133.05 and its 200 day simple moving average is $151.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Saturday, February 14th. The specialty retailer reported $0.13 EPS for the quarter. The business had revenue of $40.71 billion for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 4.33 EPS for the current fiscal year.

Analysts Set New Price Targets

BABA has been the topic of a number of recent analyst reports. Susquehanna dropped their price objective on Alibaba Group from $190.00 to $170.00 and set a “positive” rating on the stock in a report on Thursday, March 26th. Argus raised Alibaba Group to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings lowered Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Nomura upped their target price on Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Freedom Capital raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $188.75.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co?founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high?profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.