Helios Capital Management PTE. Ltd. Raises Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Helios Capital Management PTE. Ltd. increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 45,600 shares of the specialty retailer’s stock after purchasing an additional 5,600 shares during the quarter. Alibaba Group accounts for approximately 2.3% of Helios Capital Management PTE. Ltd.’s portfolio, making the stock its 15th largest position. Helios Capital Management PTE. Ltd.’s holdings in Alibaba Group were worth $3,866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Concord Wealth Partners raised its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group in the fourth quarter valued at about $31,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the third quarter valued at about $36,000. Assetmark Inc. boosted its holdings in shares of Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the period. Finally, Kieckhefer Group LLC bought a new stake in shares of Alibaba Group in the fourth quarter worth about $55,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $102.37 on Wednesday. The business has a fifty day simple moving average of $86.84 and a two-hundred day simple moving average of $89.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $243.52 billion, a P/E ratio of 20.77, a P/E/G ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 EPS. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BABA has been the subject of several research analyst reports. Citigroup increased their price objective on 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 raised their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho raised their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays dropped their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target 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.