Causeway Capital Management LLC Sells 599,087 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Causeway Capital Management LLC trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 36.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,053,560 shares of the specialty retailer’s stock after selling 599,087 shares during the period. Alibaba Group accounts for approximately 2.8% of Causeway Capital Management LLC’s holdings, making the stock its 10th biggest position. Causeway Capital Management LLC’s holdings in Alibaba Group were worth $125,152,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Camden National Bank grew its stake in shares of Alibaba Group by 56.8% in the fourth quarter. Camden National Bank now owns 27,238 shares of the specialty retailer’s stock worth $6,339,000 after purchasing an additional 9,866 shares in the last quarter. Artal Group S.A. acquired a new stake in Alibaba Group in the third quarter worth about $14,805,000. Consolidated Planning Corp bought a new position in Alibaba Group in the 3rd quarter valued at about $30,000. Clear Street LLC acquired a new position in Alibaba Group during the 4th quarter valued at about $61,770,000. Finally, 7G Capital Management LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth about $11,582,000. Hedge funds and other institutional investors own 17.39% of the company’s stock.

A number of research firms recently commented on BABA. UBS Group lowered their price objective on shares of Alibaba Group from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, April 11th. Stifel Nicolaus lowered their price target on Alibaba Group from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, February 25th. HSBC cut their price objective on Alibaba Group from $168.00 to $156.00 and set a “buy” rating for the company in a report on Friday, April 8th. Raymond James decreased their target price on Alibaba Group from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, January 19th. Finally, Morgan Stanley dropped their price target on shares of Alibaba Group from $165.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, February 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $189.08.

BABA stock traded up $5.42 during mid-day trading on Tuesday, reaching $91.90. 1,017,392 shares of the stock traded hands, compared to its average volume of 23,195,020. The firm has a market capitalization of $249.13 billion, a PE ratio of 24.96, a P/E/G ratio of 1.44 and a beta of 0.91. The business has a 50-day moving average of $98.31 and a two-hundred day moving average of $117.40. Alibaba Group Holding Limited has a 52 week low of $73.28 and a 52 week high of $230.89. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABAGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The specialty retailer reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.32. Alibaba Group had a return on equity of 10.84% and a net margin of 7.86%. The business had revenue of $242.58 billion during the quarter, compared to analysts’ expectations of $245.79 billion. During the same quarter in the previous year, the firm earned $2.98 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post 6.47 EPS for the current fiscal year.

Alibaba Group Profile (Get Rating)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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