25,000 Shares in Alibaba Group Holding Limited (NYSE:BABA) Purchased by Riposte Capital LLC

Riposte Capital LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, HoldingsChannel reports. The fund bought 25,000 shares of the specialty retailer’s stock, valued at approximately $2,120,000. Alibaba Group comprises 0.4% of Riposte Capital LLC’s investment portfolio, making the stock its 24th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC grew its holdings in shares of Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 101 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock valued at $266,000 after acquiring an additional 108 shares in the last quarter. TRUE Private Wealth Advisors grew its stake in Alibaba Group by 3.7% in the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after purchasing an additional 112 shares during the last quarter. TBH Global Asset Management LLC raised its stake in shares of Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after acquiring an additional 112 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of Alibaba Group by 4.5% during the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer’s stock worth $230,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BABA shares. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. raised their target price on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Arete Research raised Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Barclays raised their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $144.07.

Alibaba Group Trading Down 1.3 %

Shares of BABA opened at $135.16 on Monday. The firm’s fifty day moving average is $116.49 and its two-hundred day moving average is $100.91. The stock has a market cap of $321.14 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data 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 business had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.