GMT Capital Corp Decreases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

GMT Capital Corp lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 34.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 767,400 shares of the specialty retailer’s stock after selling 403,300 shares during the period. Alibaba Group makes up about 3.2% of GMT Capital Corp’s portfolio, making the stock its 12th largest position. GMT Capital Corp’s holdings in Alibaba Group were worth $65,068,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BABA. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the fourth quarter worth $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the 4th quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL increased 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 worth $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at about $52,000. Finally, Vision Financial Markets LLC purchased a new position in Alibaba Group during the fourth quarter valued at approximately $55,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $115.96 on Wednesday. The company has a market cap of $277.11 billion, a P/E ratio of 16.76, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a twelve month low of $70.99 and a twelve month high of $148.43. The company’s 50-day moving average price is $126.83 and its 200-day moving average price is $104.67. 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 released 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). The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on BABA. Citigroup dropped their price target on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Bank of America upped their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Arete Research raised Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. upped their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Fourteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alibaba Group presently has an average rating of “Buy” and an average price target of $150.36.

About Alibaba Group

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.