Capstone Investment Advisors LLC Increases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Capstone Investment Advisors LLC boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 32.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 60,750 shares of the specialty retailer’s stock after purchasing an additional 15,000 shares during the period. Capstone Investment Advisors LLC’s holdings in Alibaba Group were worth $6,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Concord Wealth Partners raised its stake in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Alibaba Group during the 2nd quarter valued at $27,000. Highline Wealth Partners LLC bought a new stake in shares of Alibaba Group during the 3rd quarter worth $36,000. First Command Advisory Services Inc. purchased a new position in Alibaba Group in the second quarter worth $25,000. Finally, GPS Wealth Strategies Group LLC increased its stake in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 209 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $86.59 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $207.18 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 0.43 and a beta of 0.35. The firm has a fifty day moving average price of $98.47 and a 200 day moving average price of $86.01. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) 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 firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BABA shares. Barclays lowered their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Morgan Stanley reissued an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. Benchmark reaffirmed a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. lifted their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.07.

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.