Wynn Capital LLC Has $1.10 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Wynn Capital LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,013 shares of the specialty retailer’s stock after purchasing an additional 135 shares during the period. Wynn Capital LLC’s holdings in Alibaba Group were worth $1,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BABA. Generate Investment Management Ltd bought a new stake in Alibaba Group during the third quarter worth about $12,656,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after acquiring an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after purchasing an additional 50,000 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Alibaba Group by 7,734.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after purchasing an additional 266,361 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new position in Alibaba Group during the 3rd quarter worth approximately $115,995,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Mizuho increased their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Bank of America boosted their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Barclays dropped 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. Finally, Citigroup boosted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. 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 target price of $115.13.

Alibaba Group Price Performance

Shares of BABA opened at $81.67 on Wednesday. The firm has a market cap of $194.62 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. 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 business’s 50 day moving average price is $86.88 and its two-hundred day moving average price is $87.66.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping 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 analysts’ expectations of $239.45 billion. During the same period last year, the company posted $1.82 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current 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.