Great Hill Capital LLC Acquires New Position in Alibaba Group Holding Limited $BABA

Great Hill Capital LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 12,350 shares of the specialty retailer’s stock, valued at approximately $2,207,000. Alibaba Group comprises about 0.3% of Great Hill Capital LLC’s portfolio, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 981 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Alibaba Group in the first quarter worth approximately $254,000. Asset Management One Co. Ltd. purchased a new stake in Alibaba Group in the second quarter valued at approximately $5,983,000. Ashton Thomas Private Wealth LLC grew its holdings in Alibaba Group by 26.7% in the second quarter. Ashton Thomas Private Wealth LLC now owns 17,473 shares of the specialty retailer’s stock valued at $2,017,000 after purchasing an additional 3,684 shares during the period. Finally, Bessemer Group Inc. increased its position in Alibaba Group by 220.3% during the second quarter. Bessemer Group Inc. now owns 23,358 shares of the specialty retailer’s stock worth $2,649,000 after purchasing an additional 16,065 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 0.5%

Alibaba Group stock opened at $152.31 on Thursday. Alibaba Group Holding Limited has a one year low of $95.73 and a one year high of $192.67. The company’s fifty day moving average price is $159.22 and its two-hundred day moving average price is $157.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $363.64 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 3.35 and a beta of 0.39.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Tuesday, November 25th. The specialty retailer reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The company had revenue of $34.80 billion for the quarter, compared to analyst estimates of $41.80 billion. Alibaba Group had a net margin of 12.38% and a return on equity of 10.51%. The business’s revenue was up 9% on a year-over-year basis. During the same period in the prior year, the company posted $2.15 EPS. On average, analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Nomura boosted their price target on Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Citigroup raised their price objective on Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Jefferies Financial Group cut their price target on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Erste Group Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

Alibaba Group Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.