Coldstream Capital Management Inc. Takes $306,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Coldstream Capital Management Inc. purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,885 shares of the specialty retailer’s stock, valued at approximately $306,000.

Other large investors have also recently added to or reduced their stakes in the company. Geller Advisors LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $620,000. Hamilton Capital LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter worth about $241,000. Public Employees Retirement System of Ohio acquired a new position in Alibaba Group in the third quarter valued at about $28,479,000. Y Intercept Hong Kong Ltd increased its position in shares of Alibaba Group by 356.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 63,199 shares of the specialty retailer’s stock valued at $6,707,000 after acquiring an additional 49,349 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in shares of Alibaba Group by 5.0% in the 3rd quarter. MML Investors Services LLC now owns 56,554 shares of the specialty retailer’s stock valued at $6,001,000 after acquiring an additional 2,703 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Loop Capital reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Morgan Stanley reissued an “equal weight” rating and set a $90.00 target price on shares of Alibaba Group in a research note on Friday, August 23rd. Susquehanna dropped their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. Finally, Barclays cut their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group Stock Performance

NYSE:BABA opened at $87.82 on Monday. The firm has a market capitalization of $209.87 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The business’s fifty day moving average price is $94.82 and its 200 day moving average price is $86.39. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 EPS. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

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.