Rheos Capital Works Inc. Makes New $848,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Rheos Capital Works Inc. bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the specialty retailer's stock, valued at approximately $848,000.

A number of other hedge funds have also bought and sold shares of the stock. Concord Wealth Partners boosted its position in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after buying an additional 155 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in Alibaba Group during the 3rd quarter valued at approximately $36,000. Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group in the 4th quarter valued at $31,000. Assetmark Inc. increased its stake in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 275 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Alibaba Group during the second quarter worth $38,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Price Performance

NYSE:BABA traded up $3.76 during trading hours on Tuesday, hitting $102.37. 29,797,936 shares of the stock were exchanged, compared to its average volume of 20,989,404. The company has a market cap of $243.52 billion, a P/E ratio of 20.77, a P/E/G ratio of 0.42 and a beta of 0.31. The firm's fifty day moving average price is $86.84 and its 200 day moving average price is $89.07. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

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

Wall Street Analyst Weigh In

BABA has been the topic of several recent research reports. Citigroup upped their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Barclays dropped their target price on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. StockNews.com downgraded Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Benchmark reiterated a "buy" rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.