Seldon Capital LP Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Seldon Capital LP bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,403 shares of the specialty retailer’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Command Advisory Services Inc. purchased a new stake in shares of Alibaba Group during the 2nd quarter valued at $25,000. GPS Wealth Strategies Group LLC increased its holdings in Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group in the second quarter worth about $27,000. Concord Wealth Partners boosted its stake 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 acquiring an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the 3rd quarter valued at approximately $36,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 2.9 %

Shares of NYSE BABA opened at $83.13 on Friday. The business has a 50-day moving average of $98.42 and a 200-day moving average of $85.87. The firm has a market capitalization of $199.05 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.42 and a beta of 0.35. The company has a current ratio of 1.37, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts expect that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the topic of several research analyst reports. Robert W. Baird upped their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Morgan Stanley reissued an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a report on Friday, August 23rd. Mizuho boosted their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average price target of $114.07.

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.