Helios Capital Management PTE. Ltd. Purchases 5,600 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Helios Capital Management PTE. Ltd. boosted its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,600 shares of the specialty retailer's stock after buying an additional 5,600 shares during the quarter. Alibaba Group makes up about 2.3% of Helios Capital Management PTE. Ltd.'s investment portfolio, making the stock its 15th largest position. Helios Capital Management PTE. Ltd.'s holdings in Alibaba Group were worth $3,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its position in Alibaba Group by 6.9% in the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer's stock valued at $296,062,000 after purchasing an additional 178,999 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Alibaba Group by 186.9% in the third quarter. Park Avenue Securities LLC now owns 14,068 shares of the specialty retailer's stock valued at $1,493,000 after buying an additional 9,165 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new position in Alibaba Group during the 3rd quarter worth about $1,486,000. Ignite Planners LLC grew its holdings in Alibaba Group by 3.8% during the 3rd quarter. Ignite Planners LLC now owns 5,597 shares of the specialty retailer's stock worth $594,000 after acquiring an additional 206 shares during the last quarter. Finally, Axiom Advisory LLC acquired a new stake in Alibaba Group in the 3rd quarter valued at about $3,053,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Down 3.0 %

NYSE BABA traded down $3.05 on Wednesday, reaching $99.30. The company had a trading volume of 16,977,592 shares, compared to its average volume of 20,819,352. The company's fifty day moving average is $87.19 and its 200-day moving average is $89.26. The firm has a market capitalization of $236.21 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $117.82.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. On average, research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com downgraded Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Robert W. Baird upped their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Barclays dropped their price objective on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, November 19th. Finally, Mizuho raised their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $115.13.

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.