Simon Quick Advisors LLC Purchases New Position in Alibaba Group Holding Limited (NYSE:BABA)

Simon Quick Advisors LLC acquired a new position in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,625 shares of the specialty retailer’s stock, valued at approximately $223,000.

Several other hedge funds have also bought and sold shares of the stock. Generate Investment Management Ltd purchased a new stake in Alibaba Group during the third quarter worth $12,656,000. Nations Financial Group Inc. IA ADV boosted its stake in shares of Alibaba Group by 63.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after acquiring an additional 11,192 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Alibaba Group by 6.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after acquiring an additional 50,000 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after purchasing an additional 266,361 shares in the last quarter. Finally, Aspex Management HK Ltd acquired a new position in Alibaba Group in the 3rd quarter worth about $115,995,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 3.5 %

NYSE BABA opened at $89.13 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $117.82. The business’s fifty day simple moving average is $85.53 and its 200-day simple moving average is $87.99. The firm has a market cap of $212.29 billion, a PE ratio of 18.08, a P/E/G ratio of 0.37 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 EPS. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays cut their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Citigroup boosted their price target 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. Bank of America lifted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. StockNews.com downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Finally, Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group 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.