Nkcfo LLC Lowers Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Nkcfo LLC trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 77.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,000 shares of the specialty retailer’s stock after selling 6,715 shares during the quarter. Nkcfo LLC’s holdings in Alibaba Group were worth $170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Concord Wealth Partners increased its position in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the 4th quarter worth about $31,000. Highline Wealth Partners LLC purchased a new position in Alibaba Group in the 3rd quarter worth about $36,000. Assetmark Inc. lifted its stake in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 275 shares during the period. Finally, Kieckhefer Group LLC purchased a new stake in shares of Alibaba Group during the 4th quarter valued at about $55,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

BABA opened at $124.73 on Friday. The firm has a market cap of $296.71 billion, a P/E ratio of 25.30, a PEG ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $126.80. The company has a 50 day simple moving average of $91.25 and a two-hundred day simple moving average of $91.02. 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 (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 EPS. Equities analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. StockNews.com cut Alibaba Group from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Barclays reduced their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.86.

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.