Seldon Capital LP Makes New $361,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Seldon Capital LP acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, Holdings Channel reports. The institutional investor acquired 3,403 shares of the specialty retailer’s stock, valued at approximately $361,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC increased its stake in Alibaba Group by 177.4% in the 3rd quarter. Larson Financial Group LLC now owns 2,793 shares of the specialty retailer’s stock worth $296,000 after purchasing an additional 1,786 shares during the period. KKM Financial LLC bought a new position in shares of Alibaba Group in the third quarter worth approximately $424,000. Canopy Partners LLC purchased a new position in shares of Alibaba Group in the third quarter worth $202,000. Kingsview Wealth Management LLC raised its holdings in Alibaba Group by 60.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,496 shares of the specialty retailer’s stock valued at $689,000 after buying an additional 2,438 shares during the last quarter. Finally, GenTrust LLC boosted its position in Alibaba Group by 0.7% during the 3rd quarter. GenTrust LLC now owns 142,142 shares of the specialty retailer’s stock valued at $15,084,000 after buying an additional 946 shares during the period. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BABA shares. Susquehanna decreased their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. Benchmark reaffirmed a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Monday, October 7th. Morgan Stanley restated an “equal weight” rating and set a $90.00 target price on shares of Alibaba Group in a report on Friday, August 23rd. Finally, Robert W. Baird lifted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Stock Down 2.9 %

Shares of Alibaba Group stock opened at $83.13 on Friday. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The firm has a market cap 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 50-day moving average of $98.42 and a 200 day moving average of $85.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.41.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating 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 business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

About Alibaba Group

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.