Genesis Investment Management LLP Has $4.19 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Genesis Investment Management LLP cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 76.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,452 shares of the specialty retailer’s stock after selling 157,817 shares during the period. Alibaba Group comprises 4.6% of Genesis Investment Management LLP’s portfolio, making the stock its 10th biggest holding. Genesis Investment Management LLP’s holdings in Alibaba Group were worth $4,193,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its position in Alibaba Group by 8.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,007 shares of the specialty retailer’s stock worth $937,000 after buying an additional 964 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Alibaba Group by 9.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,382 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 290 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Alibaba Group by 226.7% in the second quarter. Canada Pension Plan Investment Board now owns 160,400 shares of the specialty retailer’s stock valued at $11,549,000 after purchasing an additional 111,300 shares in the last quarter. AE Wealth Management LLC lifted its position in Alibaba Group by 4.9% during the second quarter. AE Wealth Management LLC now owns 17,895 shares of the specialty retailer’s stock valued at $1,288,000 after purchasing an additional 837 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in Alibaba Group by 13.4% in the 2nd quarter. Pacer Advisors Inc. now owns 25,772 shares of the specialty retailer’s stock worth $1,856,000 after buying an additional 3,044 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Up 3.3 %

NYSE BABA opened at $85.16 on Tuesday. The business’s 50-day moving average is $86.06 and its 200 day moving average is $87.86. The stock has a market capitalization of $202.93 billion, a PE ratio of 17.27, a PEG ratio of 0.40 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BABA. Robert W. Baird lifted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Monday, October 7th. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.13.

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.