Sapient Capital LLC Buys New Stake in Alibaba Group Holding Limited (NYSE:BABA)

Sapient Capital LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,991 shares of the specialty retailer’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BABA. Princeton Global Asset Management LLC purchased a new stake in Alibaba Group during the third quarter worth about $26,000. Baystate Wealth Management LLC boosted its position in Alibaba Group by 184.6% in the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 216 shares during the period. First Command Advisory Services Inc. purchased a new stake in shares of Alibaba Group during the third quarter worth $30,000. Milestone Investment Advisors LLC acquired a new position in Alibaba Group during the 3rd quarter worth $31,000. Finally, Anchor Investment Management LLC acquired a new stake in Alibaba Group in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays lowered their price target on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Robert W. Baird lowered their price target on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Morgan Stanley restated an “equal weight” rating and set a $85.00 price objective on shares of Alibaba Group in a research report on Tuesday, April 9th. Susquehanna cut their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group decreased their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $112.49.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $79.38 on Wednesday. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $102.50. The firm has a market capitalization of $201.43 billion, a price-to-earnings ratio of 14.65 and a beta of 0.44. The business’s 50 day simple moving average is $73.60 and its 200-day simple moving average is $75.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. During the same quarter last year, the business earned $2.44 EPS. Alibaba Group’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

Alibaba Group Company 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.