EdgeRock Capital LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

EdgeRock Capital LLC acquired 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 SEC. The firm acquired 362 shares of the specialty retailer’s stock, valued at approximately $26,000.

Other institutional investors also recently bought and sold shares of the company. Morgan Stanley increased its holdings in Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after purchasing an additional 1,406,491 shares during the period. Sanders Capital LLC boosted its position in Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after acquiring an additional 11,473,618 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Alibaba Group by 2.2% during the 4th quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock valued at $76,951,000 after acquiring an additional 21,228 shares in the last quarter. Cerity Partners LLC boosted its position in Alibaba Group by 299.9% during the 4th quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock valued at $6,428,000 after acquiring an additional 62,163 shares in the last quarter. Finally, Certuity LLC boosted its position in Alibaba Group by 122.2% during the 3rd quarter. Certuity LLC now owns 113,704 shares of the specialty retailer’s stock valued at $9,863,000 after acquiring an additional 62,543 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on BABA shares. Robert W. Baird dropped their target price on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Citigroup dropped their target price on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Macquarie cut Alibaba Group from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. The Goldman Sachs Group lowered their price objective on Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Barclays lowered their price objective on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a research report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.49.

Alibaba Group Stock Performance

BABA traded down $0.90 on Wednesday, reaching $78.47. 11,306,747 shares of the stock were exchanged, compared to its average volume of 17,832,504. The company’s 50-day moving average price is $73.60 and its 200 day moving average price is $75.11. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. 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 $199.12 billion, a PE ratio of 14.48 and a beta of 0.44.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The firm 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 business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.44 EPS. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

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.