Jackson Hole Capital Partners LLC Buys 3,601 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Jackson Hole Capital Partners LLC raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 35.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,625 shares of the specialty retailer’s stock after acquiring an additional 3,601 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Alibaba Group were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Savant Capital LLC lifted its holdings in shares of Alibaba Group by 2.7% during the 3rd quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer’s stock worth $413,000 after acquiring an additional 127 shares during the period. Johnson Investment Counsel Inc. increased its position in shares of Alibaba Group by 2.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer’s stock worth $584,000 after purchasing an additional 136 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Alibaba Group by 32.9% during the 3rd quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock worth $50,000 after purchasing an additional 142 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Alibaba Group by 45.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 458 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 143 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in Alibaba Group by 3.2% in the 3rd quarter. 180 Wealth Advisors LLC now owns 5,458 shares of the specialty retailer’s stock valued at $473,000 after acquiring an additional 168 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Benchmark restated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Wednesday, April 10th. JPMorgan Chase & Co. reduced their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Citigroup cut their price target on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $85.00 price target on shares of Alibaba Group in a research note on Tuesday, April 9th. Finally, Mizuho reaffirmed a “buy” rating and issued a $95.00 price target on shares of Alibaba Group in a research note on Wednesday, March 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.91.

Alibaba Group Price Performance

BABA traded up $0.48 on Thursday, hitting $75.11. 11,693,849 shares of the stock were exchanged, compared to its average volume of 18,030,084. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $190.59 billion, a price-to-earnings ratio of 13.86 and a beta of 0.46. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $102.50. The business has a 50-day moving average of $73.16 and a two-hundred day moving average of $75.56.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). The business had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.44 EPS. Sell-side analysts forecast that Alibaba Group Holding Limited will post 7.54 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.