Rheos Capital Works Inc. Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Rheos Capital Works Inc. purchased a new position in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the specialty retailer’s stock, valued at approximately $848,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Foundations Investment Advisors LLC grew its holdings in shares of Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after purchasing an additional 27,088 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after buying an additional 42,446 shares during the period. Generate Investment Management Ltd purchased a new stake in Alibaba Group in the 3rd quarter valued at about $12,656,000. Nations Financial Group Inc. IA ADV grew its stake in Alibaba Group by 63.9% in the 3rd 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Alibaba Group by 7,734.1% in the third 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 period. 13.47% of the stock is owned by institutional investors.

Alibaba Group Price Performance

NYSE:BABA opened at $98.65 on Monday. The stock has a market capitalization of $234.66 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average price is $86.58 and its 200-day moving average price is $88.92.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the firm posted $1.82 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

BABA has been the subject of several recent research reports. Mizuho boosted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Citigroup raised their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. StockNews.com downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Barclays lowered their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Finally, Robert W. Baird boosted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $115.13.

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.