SIH Partners LLLP Buys 156,979 Shares of Alibaba Group Holding Limited (NYSE:BABA)

SIH Partners LLLP increased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 565.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,759 shares of the specialty retailer's stock after purchasing an additional 156,979 shares during the quarter. Alibaba Group makes up 0.8% of SIH Partners LLLP's portfolio, making the stock its 13th biggest position. SIH Partners LLLP's holdings in Alibaba Group were worth $15,666,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Rings Capital Management LLC boosted its position in shares of Alibaba Group by 1.4% in the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock worth $602,000 after purchasing an additional 100 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Alibaba Group by 93.4% in the fourth quarter. OneDigital Investment Advisors LLC now owns 22,607 shares of the specialty retailer's stock valued at $1,917,000 after buying an additional 10,918 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Alibaba Group by 5.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 14,485 shares of the specialty retailer's stock worth $1,228,000 after buying an additional 793 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Alibaba Group by 8.4% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 202,080 shares of the specialty retailer's stock valued at $17,135,000 after acquiring an additional 15,590 shares during the period. Finally, Seaview Investment Managers LLC boosted its stake in Alibaba Group by 54.6% during the 4th quarter. Seaview Investment Managers LLC now owns 4,534 shares of the specialty retailer's stock worth $384,000 after acquiring an additional 1,601 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

NYSE BABA traded up $1.06 on Friday, hitting $120.35. 9,273,539 shares of the stock were exchanged, compared to its average volume of 20,684,872. The company has a market capitalization of $287.60 billion, a PE ratio of 17.39, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The business's fifty day moving average is $126.60 and its 200 day moving average is $104.78. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 12.29% and a return on equity of 12.89%. Research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on BABA shares. Robert W. Baird upped their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Barclays boosted their target price on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Benchmark lifted their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Fourteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Alibaba Group currently has an average rating of "Buy" and a consensus price target of $150.36.

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.