Rheos Capital Works Inc. Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Rheos Capital Works Inc. bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the specialty retailer’s stock, valued at approximately $848,000.

A number of other large investors have also made changes to their positions in BABA. Sanctuary Advisors LLC acquired a new stake in shares of Alibaba Group in the 2nd quarter worth $3,451,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Alibaba Group in the second quarter valued at about $38,000. AMF Tjanstepension AB increased its position in Alibaba Group by 6.9% during the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after purchasing an additional 178,999 shares during the last quarter. Park Avenue Securities LLC raised its stake in Alibaba Group by 186.9% during the third quarter. Park Avenue Securities LLC now owns 14,068 shares of the specialty retailer’s stock worth $1,493,000 after purchasing an additional 9,165 shares during the period. Finally, Chemistry Wealth Management LLC grew its stake in shares of Alibaba Group by 3.0% in the 3rd quarter. Chemistry Wealth Management LLC now owns 15,136 shares of the specialty retailer’s stock valued at $1,606,000 after buying an additional 438 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

NYSE BABA opened at $98.65 on Monday. The company has a fifty day moving average of $86.58 and a two-hundred day moving average of $88.92. The company has a market capitalization of $234.66 billion, a PE ratio of 20.01, a P/E/G ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analysts’ expectations 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 was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 EPS. As a group, analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BABA. Citigroup lifted their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Bank of America upped their price target on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Mizuho raised their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. Finally, Robert W. Baird lifted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.13.

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.