Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP decreased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 15.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,155 shares of the specialty retailer’s stock after selling 7,571 shares during the quarter. Invenomic Capital Management LP’s holdings in Alibaba Group were worth $4,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Generate Investment Management Ltd purchased a new position in Alibaba Group in the third quarter valued at $12,656,000. Nations Financial Group Inc. IA ADV grew its position in shares of Alibaba Group by 63.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after acquiring an additional 11,192 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after purchasing an additional 50,000 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after purchasing an additional 266,361 shares during the period. Finally, Aspex Management HK Ltd purchased a new position in Alibaba Group during the third quarter worth approximately $115,995,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Benchmark restated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Loop Capital restated a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Monday, October 7th. Finally, Sanford C. Bernstein raised their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group Price Performance

BABA stock opened at $85.68 on Wednesday. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The firm has a market capitalization of $205.01 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.42 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. The business has a 50 day simple moving average of $98.14 and a 200-day simple moving average of $86.09.

Alibaba Group (NYSE:BABA) last issued 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 company had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same period in the prior year, the business earned $1.82 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

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.