Horseman Capital Management Ltd Cuts Position in Alibaba Group Holding Limited (BABA)

Horseman Capital Management Ltd decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 32.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 39,900 shares of the specialty retailer’s stock after selling 19,000 shares during the period. Alibaba Group Holding Limited makes up about 1.5% of Horseman Capital Management Ltd’s investment portfolio, making the stock its 24th largest position. Horseman Capital Management Ltd’s holdings in Alibaba Group Holding Limited were worth $6,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Weatherly Asset Management L. P. raised its holdings in Alibaba Group Holding Limited by 24.7% in the third quarter. Weatherly Asset Management L. P. now owns 1,767 shares of the specialty retailer’s stock valued at $305,000 after buying an additional 350 shares during the period. Bainco International Investors purchased a new position in Alibaba Group Holding Limited in the third quarter valued at approximately $215,000. Seminole Management Co. Inc. purchased a new position in Alibaba Group Holding Limited in the third quarter valued at approximately $6,788,000. Bollard Group LLC raised its holdings in Alibaba Group Holding Limited by 21.9% in the third quarter. Bollard Group LLC now owns 220,196 shares of the specialty retailer’s stock valued at $38,030,000 after buying an additional 39,600 shares during the period. Finally, Parametrica Management Ltd raised its holdings in Alibaba Group Holding Limited by 1,117.4% in the third quarter. Parametrica Management Ltd now owns 56,327 shares of the specialty retailer’s stock valued at $9,728,000 after buying an additional 51,700 shares during the period. Hedge funds and other institutional investors own 37.45% of the company’s stock.

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Alibaba Group Holding Limited (NYSE BABA) traded up 1.1994% during midday trading on Wednesday, reaching $187.1075. The company’s stock had a trading volume of 9,498,653 shares. The firm has a market capitalization of $475.81 billion, a PE ratio of 63.1480 and a beta of 2.60. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $188.88. The firm has a 50 day moving average price of $176.94 and a 200 day moving average price of $150.55.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, analysts predict that Alibaba Group Holding Limited will post $4.88 EPS for the current year.

BABA has been the topic of several research reports. Vetr lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $160.50 price target on the stock. in a report on Tuesday, July 11th. SunTrust Banks, Inc. initiated coverage on shares of Alibaba Group Holding Limited in a report on Tuesday, August 15th. They issued a “buy” rating and a $175.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $160.00 price target on shares of Alibaba Group Holding Limited in a report on Tuesday, August 15th. Stifel Nicolaus raised their price target on shares of Alibaba Group Holding Limited from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, BidaskClub lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $181.89.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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