Alibaba Group Holding Limited $BABA Shares Sold by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,381,634 shares of the specialty retailer’s stock after selling 45,000 shares during the period. Alibaba Group makes up approximately 38.2% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its largest holding. Polunin Capital Partners Ltd’s holdings in Alibaba Group were worth $259,789,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Summit Securities Group LLC raised its position in Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after buying an additional 59,000 shares during the last quarter. Ransom Advisory Ltd acquired a new position in shares of Alibaba Group in the first quarter worth about $26,000. 1248 Management LLC acquired a new position in shares of Alibaba Group during the 1st quarter worth approximately $26,000. Rosenberg Matthew Hamilton purchased a new position in Alibaba Group during the second quarter valued at $26,000. Finally, NewSquare Capital LLC lifted its stake in Alibaba Group by 65.0% in the 2nd quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 130 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 0.4%

Shares of Alibaba Group stock opened at $149.50 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The company’s 50-day simple moving average is $163.22 and its 200-day simple moving average is $141.96. The firm has a market cap of $356.72 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 2.30 and a beta of 0.33. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $192.67.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America lifted their price target on shares of Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Zacks Research downgraded shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Citigroup raised their price target on shares of Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Jefferies Financial Group boosted their price target on shares of Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, CLSA lifted their price objective on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $194.00.

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.