Jackson Hole Capital Partners LLC Boosts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Jackson Hole Capital Partners LLC raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,768 shares of the specialty retailer’s stock after purchasing an additional 207 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Alibaba Group were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the fourth quarter valued at about $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth about $32,000. Assetmark Inc. grew its stake in shares of Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 275 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth about $55,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BABA shares. Barclays boosted their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Bank of America boosted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Benchmark boosted their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Finally, Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $144.07.

Alibaba Group Stock Up 0.5 %

Alibaba Group stock opened at $140.59 on Friday. The stock has a market capitalization of $334.04 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.36. The business has a 50 day simple moving average of $105.46 and a 200-day simple moving average of $96.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS 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.