12,350 Shares in Alibaba Group Holding Limited $BABA Bought by Great Hill Capital LLC

Key Points

• Great Hill Capital LLC acquired a new stake of 12,350 shares in Alibaba (NYSE:BABA) during Q3, valued at approximately $2.21 million, representing 0.3% of the fund’s portfolio and its 23rd largest holding.
• Several other institutions also adjusted positions in BABA (including Brighton Jones, AQR, Asset Management One, Ashton Thomas and Bessemer), with hedge funds and other institutional investors owning about 13.47% of the stock.
• Wall Street’s consensus is a Moderate Buy (17 Buys, 2 Holds, 1 Sell) with an average analyst target price of $195.17.

Great Hill Capital LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,350 shares of the specialty retailer's stock, valued at approximately $2,207,000. Alibaba Group accounts for 0.3% of Great Hill Capital LLC's investment portfolio, making the stock its 23rd biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in BABA. Brighton Jones LLC increased its holdings in shares of Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after purchasing an additional 981 shares during the period. AQR Capital Management LLC acquired a new position in Alibaba Group in the 1st quarter valued at $254,000. Asset Management One Co. Ltd. purchased a new position in Alibaba Group during the 2nd quarter worth $5,983,000. Ashton Thomas Private Wealth LLC lifted its stake in shares of Alibaba Group by 26.7% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 17,473 shares of the specialty retailer's stock worth $2,017,000 after acquiring an additional 3,684 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Alibaba Group by 220.3% in the second quarter. Bessemer Group Inc. now owns 23,358 shares of the specialty retailer's stock valued at $2,649,000 after acquiring an additional 16,065 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BABA has been the subject of several analyst reports. Macquarie Infrastructure reissued an "outperform" rating on shares of Alibaba Group in a report on Tuesday, November 25th. Nomura raised their price target on Alibaba Group from $193.00 to $237.00 and gave the company a "buy" rating in a report on Monday, January 26th. Erste Group Bank downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Benchmark reissued a "buy" rating and issued a $195.00 target price on shares of Alibaba Group in a report on Tuesday, November 25th. Finally, Freedom Capital cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $195.17.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $152.31 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. The company's 50-day moving average price is $159.22 and its 200 day moving average price is $157.18. Alibaba Group Holding Limited has a 52 week low of $95.73 and a 52 week high of $192.67. The stock has a market cap of $363.64 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 3.35 and a beta of 0.39.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results on Tuesday, November 25th. The specialty retailer reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). Alibaba Group had a net margin of 12.38% and a return on equity of 10.51%. The business had revenue of $34.80 billion during the quarter, compared to analyst estimates of $41.80 billion. During the same quarter in the prior year, the company earned $2.15 earnings per share. The firm's revenue for the quarter was up 9% compared to the same quarter last year. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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