Alibaba Group Holding Ltd (BABA) is Trinity Street Asset Management LLP’s Largest Position

Trinity Street Asset Management LLP lowered its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,626 shares of the specialty retailer’s stock after selling 27,810 shares during the period. Alibaba Group accounts for 15.7% of Trinity Street Asset Management LLP’s holdings, making the stock its largest holding. Trinity Street Asset Management LLP’s holdings in Alibaba Group were worth $77,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of BABA. Norges Bank acquired a new stake in Alibaba Group in the fourth quarter valued at approximately $1,734,020,000. BlackRock Inc. lifted its holdings in shares of Alibaba Group by 7.4% during the fourth quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after purchasing an additional 4,674,615 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of Alibaba Group by 449.8% during the third quarter. Federated Investors Inc. PA now owns 3,691,425 shares of the specialty retailer’s stock worth $608,200,000 after purchasing an additional 3,020,054 shares during the period. Nordea Investment Management AB acquired a new position in shares of Alibaba Group during the third quarter worth $490,205,000. Finally, Legal & General Group Plc lifted its holdings in shares of Alibaba Group by 40.4% during the fourth quarter. Legal & General Group Plc now owns 7,770,872 shares of the specialty retailer’s stock worth $1,065,152,000 after purchasing an additional 2,234,676 shares during the period. Hedge funds and other institutional investors own 40.27% of the company’s stock.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays lifted their price target on shares of Alibaba Group from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday. Robert W. Baird lifted their price target on shares of Alibaba Group from $178.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. Morgan Stanley set a $196.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, March 26th. Finally, ValuEngine upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $211.54.

Shares of NYSE BABA opened at $186.94 on Friday. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $211.70. The firm has a market cap of $478.78 billion, a P/E ratio of 46.39, a PEG ratio of 1.57 and a beta of 2.30. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The business had revenue of $117.28 billion during the quarter, compared to the consensus estimate of $118.52 billion. During the same quarter last year, the firm earned $1.63 earnings per share. Alibaba Group’s quarterly revenue was up 41.3% on a year-over-year basis. On average, research analysts predict that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal year.

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Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in 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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