New York State Common Retirement Fund Trims Position in Alibaba Group Holding Limited (NYSE:BABA)

New York State Common Retirement Fund decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 24.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 350,592 shares of the specialty retailer’s stock after selling 114,480 shares during the period. New York State Common Retirement Fund’s holdings in Alibaba Group were worth $29,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. TRUE Private Wealth Advisors lifted its stake in shares of Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 112 shares during the period. Venturi Wealth Management LLC raised its stake in Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares during the period. Capital Investment Advisory Services LLC raised its stake in Alibaba Group by 3.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after purchasing an additional 124 shares during the period. Sivia Capital Partners LLC raised its stake in Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after purchasing an additional 134 shares during the period. Finally, Wynn Capital LLC raised its stake in Alibaba Group by 1.0% during the fourth quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock worth $1,103,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA opened at $136.26 on Friday. The company has a fifty day simple moving average of $94.31 and a 200 day simple moving average of $92.42. The firm has a market cap of $323.74 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 0.54 and a beta of 0.31. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $144.51. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday. Benchmark reaffirmed a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Mizuho increased their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays dropped their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.93.

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.