Generate Investment Management Ltd Adjusts Stake in Alibaba Group Holding Limited

Generate Investment Management Ltd reduced its ownership in shares of Alibaba Group Holding Limited (NYSE:BABA) by 28.0% during the fourth quarter, as detailed in its latest filing with the SEC. After selling 33,342 shares throughout the quarter, the firm now holds 85,922 shares of the specialty retail company. As of its most recent filing, Generate Investment Management Ltd's stake in Alibaba Group is valued at approximately $7,285,000.

A few other hedge funds and institutional investors have also recently made changes to their positions in Alibaba Group. For instance, TRUE Private Wealth Advisors increased its stake by 3.7% in the third quarter, acquiring an additional 112 shares to hold 3,123 shares valued at $331,000. Venturi Wealth Management LLC also raised its position by 6.0%, owning 2,152 shares worth $228,000 after purchasing 121 additional shares in the last quarter. Similarly, Capital Investment Advisory Services LLC enhanced its stake in Alibaba by 3.3%, now owning 3,883 shares valued at $329,000 after an increase of 124 shares. In the fourth quarter, Sivia Capital Partners LLC augmented its holdings by 3.6%, resulting in ownership of 3,825 shares valued at $324,000 after purchasing 134 shares. Additionally, Wynn Capital LLC raised its stake by 1.0% to own 13,013 shares worth $1,103,000 following the purchase of 135 shares. In total, institutional investors hold approximately 13.47% of Alibaba Group's stock.

Analysts Update Price Targets for Alibaba Group

Alibaba Group has been featured in several research reports lately. Citigroup has recently raised its price target for Alibaba from $133.00 to $138.00 while maintaining a "buy" rating as reported on January 10th. Mizuho also increased its target price, moving it up from $92.00 to $113.00, also assigning an "outperform" rating in a report published on November 12th. Benchmark kept its "buy" rating, setting a price target of $118.00 in a report from November 15th. Robert W. Baird raised its price objective from $88.00 to $110.00 and assigned an "outperform" rating in its report on October 24th. Meanwhile, Barclays reduced its target price from $137.00 to $130.00, giving the company an "overweight" rating in a report on November 19th. Currently, two analysts have rated the stock as a hold, while fourteen analysts have given it a buy rating. The consensus rating for Alibaba Group is a "Moderate Buy" with a consensus price target of $115.13.

Recent Performance of Alibaba Group Shares

On Friday, shares of Alibaba Group (NYSE:BABA) opened at $103.71. The company has a recorded 12-month low of $68.36 and a high of $117.82 over the same period. Alibaba Group maintains a quick ratio of 1.37 and a current ratio of 1.37, along with a modest debt-to-equity ratio of 0.16. The company's market capitalization stands at $246.69 billion, with a P/E ratio of 21.04 and a price-to-earnings-growth ratio of 0.42. The fifty-day moving average is $87.72 while the two-hundred-day moving average is $89.41.

Alibaba Group's Recent Earnings Report

Alibaba Group last reported its earnings on November 15th. The company announced earnings per share (EPS) of $15.06 for the quarter, significantly surpassing analysts' expectations of $1.87 by $13.19. The firm reported revenue of $236.50 billion for the quarter, slightly below the consensus estimate of $239.45 billion. Alibaba Group achieved a return on equity of 12.28% and a net margin of 8.98%, with revenue increasing by 5.2% compared to the same quarter in the previous year. Analysts anticipate that Alibaba Group will report an EPS of 7.86 for the current fiscal year.

Introduction to Alibaba Group

Alibaba Group Holding Limited operates through its subsidiaries, offering technology infrastructure and marketing resources to assist merchants, brands, retailers, and other businesses in engaging with customers both in the People's Republic of China and globally. The company is divided into seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Alibaba, Investment, Shares