Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Armistice Capital LLC

by · The Cerbat Gem

Armistice Capital LLC lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 60.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,000 shares of the specialty retailer’s stock after selling 180,000 shares during the period. Armistice Capital LLC’s holdings in Alibaba Group were worth $10,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Sanders Capital LLC raised its holdings in Alibaba Group by 322.7% in the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after buying an additional 11,473,618 shares during the period. Fiduciary Alliance LLC raised its holdings in Alibaba Group by 27.1% in the 3rd quarter. Fiduciary Alliance LLC now owns 14,275 shares of the specialty retailer’s stock valued at $1,238,000 after buying an additional 3,040 shares during the period. Certuity LLC raised its holdings in Alibaba Group by 122.2% in the 3rd quarter. Certuity LLC now owns 113,704 shares of the specialty retailer’s stock valued at $9,863,000 after buying an additional 62,543 shares during the period. Taikang Asset Management Hong Kong Co Ltd raised its holdings in Alibaba Group by 19.7% in the 3rd quarter. Taikang Asset Management Hong Kong Co Ltd now owns 730,000 shares of the specialty retailer’s stock valued at $63,320,000 after buying an additional 120,000 shares during the period. Finally, GAM Holding AG purchased a new stake in Alibaba Group in the 3rd quarter valued at about $4,175,000. Hedge funds and other institutional investors own 14.22% of the company’s stock.

Alibaba Group Price Performance

NYSE:BABA traded up $0.59 during mid-day trading on Friday, reaching $74.62. 11,980,147 shares of the stock were exchanged, compared to its average volume of 19,384,276. The business has a fifty day moving average price of $73.64 and a 200 day moving average price of $79.88. The firm has a market capitalization of $189.35 billion, a PE ratio of 13.77 and a beta of 0.47. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $105.05. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA – Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. During the same period in the prior year, the business posted $2.44 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts expect that Alibaba Group Holding Limited will post 7.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on BABA. The Goldman Sachs Group dropped their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Robert W. Baird decreased their price target on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Morgan Stanley reissued an “equal weight” rating and issued a $90.00 price target (down previously from $110.00) on shares of Alibaba Group in a research report on Friday, December 1st. Susquehanna decreased their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Alibaba Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $115.44.

Get Our Latest Stock Analysis on Alibaba Group

Alibaba Group Profile

(Free Report)

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.

Further Reading

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