Biglari Capital CORP. Reduces Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Biglari Capital CORP. trimmed its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the specialty retailer’s stock after selling 5,000 shares during the quarter. Alibaba Group comprises approximately 0.1% of Biglari Capital CORP.’s investment portfolio, making the stock its 10th biggest position. Biglari Capital CORP.’s holdings in Alibaba Group were worth $424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BABA. BNP Paribas boosted its position in shares of Alibaba Group by 0.6% during the 4th quarter. BNP Paribas now owns 86,397 shares of the specialty retailer’s stock worth $7,350,000 after acquiring an additional 528 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Alibaba Group by 13.0% during the 4th quarter. Ameriprise Financial Inc. now owns 471,652 shares of the specialty retailer’s stock worth $39,992,000 after buying an additional 54,342 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in Alibaba Group by 1.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,978,977 shares of the specialty retailer’s stock valued at $337,377,000 after buying an additional 44,901 shares in the last quarter. Ancient Art L.P. grew its position in Alibaba Group by 77.3% in the fourth quarter. Ancient Art L.P. now owns 286,629 shares of the specialty retailer’s stock valued at $24,303,000 after acquiring an additional 125,000 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of Alibaba Group by 68.1% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,270 shares of the specialty retailer’s stock worth $277,000 after acquiring an additional 1,325 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Bank of America raised their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Mizuho raised Alibaba Group to a “strong-buy” rating in a research note on Friday, April 18th. Benchmark lifted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Citigroup lowered their target price on Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Arete Research raised Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Fourteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Buy” and a consensus target price of $150.36.

Alibaba Group Stock Up 4.4 %

Shares of NYSE:BABA opened at $125.86 on Friday. The firm has a market cap of $300.54 billion, a P/E ratio of 18.19, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43. The business’s 50 day simple moving average is $125.16 and its two-hundred day simple moving average is $105.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal 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.