Flinton Capital Management LLC Sells 5,488 Shares of Alibaba Group Holding Ltd (BABA)
Flinton Capital Management LLC reduced its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 65.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,912 shares of the specialty retailer’s stock after selling 5,488 shares during the period. Flinton Capital Management LLC’s holdings in Alibaba Group were worth $399,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Alibaba Group by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,818,587 shares of the specialty retailer’s stock worth $386,814,000 after purchasing an additional 35,509 shares in the last quarter. Clifford Swan Investment Counsel LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth $653,000. Townsquare Capital LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth $402,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Alibaba Group by 69.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 915,727 shares of the specialty retailer’s stock worth $125,519,000 after purchasing an additional 376,827 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its position in shares of Alibaba Group by 20.0% during the fourth quarter. Commonwealth Bank of Australia now owns 12,061 shares of the specialty retailer’s stock worth $1,652,000 after purchasing an additional 2,013 shares in the last quarter. 39.79% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on BABA. Argus reissued a “buy” rating on shares of Alibaba Group in a research report on Friday, February 1st. HSBC boosted their target price on shares of Alibaba Group from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 14th. Stifel Nicolaus reissued a “buy” rating and set a $180.00 target price (up from $175.00) on shares of Alibaba Group in a research report on Thursday, January 31st. KeyCorp set a $200.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a report on Wednesday, January 23rd. Finally, ValuEngine raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Monday, November 26th. One investment analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $211.07.
Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $10.83. The company had revenue of $117.28 billion for the quarter, compared to analysts’ expectations of $118.52 billion. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The firm’s revenue was up 41.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 earnings per share. As a group, equities research analysts anticipate that Alibaba Group Holding Ltd will post 3.65 EPS for the current year.
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About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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