Hyperion Capital Advisors LP Invests $257,000 in Alibaba Group Holding Limited (NYSE:BABA)

Hyperion Capital Advisors LP purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,422 shares of the specialty retailer’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BABA. Financial Counselors Inc. lifted its holdings in Alibaba Group by 4.7% in the 3rd quarter. Financial Counselors Inc. now owns 3,664 shares of the specialty retailer’s stock valued at $389,000 after purchasing an additional 166 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Alibaba Group by 3,180.1% in the 3rd 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 purchasing an additional 3,740,150 shares in the last quarter. Rings Capital Management LLC purchased a new position in Alibaba Group in the 3rd quarter valued at about $753,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Alibaba Group by 2.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,347 shares of the specialty retailer’s stock valued at $1,523,000 after purchasing an additional 390 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC lifted its holdings in Alibaba Group by 14.6% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 22,684 shares of the specialty retailer’s stock valued at $2,407,000 after purchasing an additional 2,890 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Up 1.7 %

BABA stock opened at $86.60 on Thursday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $207.21 billion, a P/E ratio of 17.57, a PEG ratio of 0.42 and a beta of 0.35. The firm has a 50 day simple moving average of $98.51 and a 200-day simple moving average of $86.01.

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

Wall Street Analyst Weigh In

BABA has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Barclays cut their price objective 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. Morgan Stanley restated an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a report on Friday, August 23rd. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Monday, October 7th. Finally, StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.07.

About Alibaba Group

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.