North of South Capital LLP Has $167.53 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

North of South Capital LLP lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,975,760 shares of the specialty retailer's stock after purchasing an additional 300,432 shares during the period. Alibaba Group comprises 20.3% of North of South Capital LLP's investment portfolio, making the stock its largest holding. North of South Capital LLP owned approximately 0.08% of Alibaba Group worth $167,525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TRUE Private Wealth Advisors grew its position in shares of Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock worth $331,000 after buying an additional 112 shares during the period. TBH Global Asset Management LLC grew its position in Alibaba Group by 2.4% in the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock valued at $407,000 after purchasing an additional 112 shares during the period. Venturi Wealth Management LLC grew its position in Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer's stock valued at $228,000 after purchasing an additional 121 shares during the period. Capital Investment Advisory Services LLC grew its position in Alibaba Group by 3.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer's stock valued at $329,000 after purchasing an additional 124 shares during the period. Finally, Sivia Capital Partners LLC grew its position in Alibaba Group by 3.6% in the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer's stock valued at $324,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of NYSE BABA traded up $7.70 during midday trading on Friday, hitting $143.67. 73,657,797 shares of the company's stock were exchanged, compared to its average volume of 30,282,477. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.30. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market cap of $341.36 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 0.53 and a beta of 0.31. The business's fifty day moving average price is $94.31 and its two-hundred day moving average price is $92.42.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BABA shares. Benchmark lifted their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday. Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Robert W. Baird lifted their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.93.

Alibaba Group Company Profile

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.