Riposte Capital LLC acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 25,000 shares of the specialty retailer's stock, valued at approximately $2,120,000. Alibaba Group accounts for approximately 0.4% of Riposte Capital LLC's portfolio, making the stock its 24th biggest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanders Capital LLC raised its holdings in Alibaba Group by 0.3% during the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer's stock valued at $1,959,021,000 after acquiring an additional 60,667 shares during the period. Appaloosa LP grew its position in shares of Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares in the last quarter. Hhlr Advisors LTD. raised its stake in Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after purchasing an additional 3,448,152 shares during the period. Fisher Asset Management LLC lifted its holdings in Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock worth $431,906,000 after purchasing an additional 78,757 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock worth $409,385,000 after purchasing an additional 3,740,150 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on BABA. Citigroup boosted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Wednesday. Benchmark lifted their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. increased their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Buy" and an average target price of $144.07.
Read Our Latest Research Report on Alibaba Group
Alibaba Group Trading Up 2.6 %
BABA traded up $3.45 during trading on Thursday, reaching $135.69. The company had a trading volume of 16,656,133 shares, compared to its average volume of 19,092,593. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The business has a 50 day simple moving average of $120.65 and a 200-day simple moving average of $102.09. The stock has a market cap of $322.39 billion, a P/E ratio of 19.61, a PEG ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $148.43.
Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.
Alibaba Group Profile
(
Free Report)
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.
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