Sapient Capital LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Sapient Capital LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, Holdings Channel.com reports. The fund bought 2,991 shares of the specialty retailer’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new stake in shares of Alibaba Group in the 1st quarter worth approximately $53,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Alibaba Group in the 1st quarter worth approximately $2,452,000. Dakota Wealth Management acquired a new stake in shares of Alibaba Group in the 1st quarter worth approximately $390,000. Sequoia Financial Advisors LLC grew its holdings in shares of Alibaba Group by 11.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,342 shares of the specialty retailer’s stock worth $799,000 after acquiring an additional 743 shares during the period. Finally, Zions Bancorporation N.A. grew its holdings in shares of Alibaba Group by 46.0% in the 1st quarter. Zions Bancorporation N.A. now owns 7,816 shares of the specialty retailer’s stock worth $850,000 after acquiring an additional 2,464 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Down 0.9 %

Shares of BABA opened at $70.64 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $179.25 billion, a P/E ratio of 13.03 and a beta of 0.46. The stock’s fifty day simple moving average is $73.51 and its 200 day simple moving average is $76.22. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The firm had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $2.44 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 7.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Wednesday, April 10th. Mizuho reaffirmed a “buy” rating and issued a $95.00 target price on shares of Alibaba Group in a research note on Wednesday, March 27th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $88.50 to $85.40 in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group reduced their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $112.91.

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.