Capstone Investment Advisors LLC Has $6.45 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Capstone Investment Advisors LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 32.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,750 shares of the specialty retailer’s stock after buying an additional 15,000 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Alibaba Group were worth $6,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BABA. Hantz Financial Services Inc. increased its stake in Alibaba Group by 10.5% in the third quarter. Hantz Financial Services Inc. now owns 37,454 shares of the specialty retailer’s stock valued at $3,975,000 after purchasing an additional 3,554 shares in the last quarter. Hyperion Capital Advisors LP bought a new stake in Alibaba Group in the 3rd quarter valued at about $257,000. Financial Counselors Inc. raised its stake in Alibaba Group by 4.7% during the 3rd quarter. Financial Counselors Inc. now owns 3,664 shares of the specialty retailer’s stock worth $389,000 after buying an additional 166 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Alibaba Group by 3,180.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after acquiring an additional 3,740,150 shares during the period. Finally, Rings Capital Management LLC bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $753,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA opened at $86.59 on Friday. The firm has a market cap of $207.18 billion, a P/E ratio of 17.56, a PEG ratio of 0.43 and a beta of 0.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The firm has a 50-day moving average of $98.47 and a 200 day moving average of $86.01.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping 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 company had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same quarter last year, the business posted $1.82 EPS. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Sanford C. Bernstein boosted their target price on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Loop Capital reaffirmed a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Susquehanna decreased their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Finally, Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.07.

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.