Aubrey Capital Management Ltd Makes New $12.80 Million Investment in Alibaba Group Holding Limited (NYSE:BABA)

Aubrey Capital Management Ltd bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 150,900 shares of the specialty retailer’s stock, valued at approximately $12,795,000. Alibaba Group comprises 4.8% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 7th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC grew its position in shares of Alibaba Group by 19.4% in the fourth quarter. Savant Capital LLC now owns 7,617 shares of the specialty retailer’s stock valued at $646,000 after purchasing an additional 1,236 shares during the last quarter. Angeles Wealth Management LLC bought a new stake in shares of Alibaba Group in the fourth quarter valued at approximately $3,222,000. Kestra Private Wealth Services LLC boosted its stake in shares of Alibaba Group by 38.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 19,597 shares of the specialty retailer’s stock valued at $1,662,000 after buying an additional 5,411 shares during the period. Stephens Inc. AR boosted its stake in shares of Alibaba Group by 12.5% in the fourth quarter. Stephens Inc. AR now owns 7,248 shares of the specialty retailer’s stock valued at $615,000 after buying an additional 805 shares during the period. Finally, AlphaStar Capital Management LLC boosted its stake in shares of Alibaba Group by 16.1% in the fourth quarter. AlphaStar Capital Management LLC now owns 28,176 shares of the specialty retailer’s stock valued at $2,389,000 after buying an additional 3,908 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE BABA opened at $103.71 on Monday. The company has a market capitalization of $246.69 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The stock has a fifty day simple moving average of $88.04 and a 200 day simple moving average of $89.69. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last issued 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 return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the business posted $1.82 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Barclays cut their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Finally, Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.86.

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.