Origin Asset Management LLP Has $69.09 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Origin Asset Management LLP trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 891,420 shares of the specialty retailer’s stock after selling 55,786 shares during the period. Alibaba Group makes up approximately 18.5% of Origin Asset Management LLP’s holdings, making the stock its 2nd biggest position. Origin Asset Management LLP’s holdings in Alibaba Group were worth $69,094,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its position in Alibaba Group by 5.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,936 shares of the specialty retailer’s stock worth $4,765,000 after buying an additional 3,084 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Alibaba Group by 5.6% during the third quarter. Raymond James & Associates now owns 384,537 shares of the specialty retailer’s stock worth $33,355,000 after acquiring an additional 20,326 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Alibaba Group by 8.2% during the third quarter. Stratos Wealth Partners LTD. now owns 12,896 shares of the specialty retailer’s stock valued at $1,119,000 after purchasing an additional 979 shares during the last quarter. Independent Advisor Alliance boosted its position in Alibaba Group by 6.1% during the third quarter. Independent Advisor Alliance now owns 9,139 shares of the specialty retailer’s stock valued at $793,000 after purchasing an additional 525 shares during the last quarter. Finally, Avaii Wealth Management LLC grew its stake in Alibaba Group by 130.4% in the third quarter. Avaii Wealth Management LLC now owns 14,657 shares of the specialty retailer’s stock valued at $1,271,000 after purchasing an additional 8,296 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Macquarie downgraded shares of Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $88.50 to $85.40 in a research report on Thursday, February 8th. Robert W. Baird lowered their target price on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Wednesday, April 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $85.00 price objective on shares of Alibaba Group in a research note on Tuesday, April 9th. Finally, Mizuho reissued a “buy” rating and issued a $95.00 price target on shares of Alibaba Group in a report on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group Price Performance

Alibaba Group stock traded up $4.82 during mid-day trading on Thursday, hitting $80.33. 36,418,582 shares of the company were exchanged, compared to its average volume of 17,998,010. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $102.50. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $73.28 and a 200 day moving average of $75.21. The company has a market capitalization of $203.84 billion, a PE ratio of 14.86 and a beta of 0.44.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The firm had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.44 EPS. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.54 earnings per share for the current year.

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.