Wynn Capital LLC Purchases Shares of 8,787 Alibaba Group Holding Limited (NYSE:BABA)

Wynn Capital LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, HoldingsChannel reports. The fund purchased 8,787 shares of the specialty retailer’s stock, valued at approximately $681,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sanders Capital LLC grew its position in Alibaba Group by 322.7% in the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after acquiring an additional 11,473,618 shares in the last quarter. Morgan Stanley lifted its stake in Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after purchasing an additional 1,406,491 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Alibaba Group by 461.2% in the third quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after purchasing an additional 3,464,723 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Alibaba Group by 65.6% during the third quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock valued at $304,318,000 after acquiring an additional 1,389,233 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Alibaba Group by 0.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,480,200 shares of the specialty retailer’s stock valued at $215,133,000 after acquiring an additional 18,900 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Barclays dropped their price objective on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a report on Friday, January 12th. Macquarie lowered shares of Alibaba Group from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $88.50 to $85.40 in a report on Thursday, February 8th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Wednesday, April 10th. Finally, The Goldman Sachs Group decreased their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Stock Up 2.9 %

BABA stock traded up $2.12 during midday trading on Wednesday, hitting $74.63. The company’s stock had a trading volume of 16,329,654 shares, compared to its average volume of 18,108,307. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $102.50. The firm has a market capitalization of $189.37 billion, a P/E ratio of 13.77 and a beta of 0.46. The firm has a 50-day simple moving average of $73.11 and a 200-day simple moving average of $75.57.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). The business had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.44 EPS. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

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.