Rheos Capital Works Inc. Acquires 40,000 Shares of Alibaba Group Holding Limited $BABA

Key Points

• Rheos Capital Works Inc. increased its stake in Alibaba Group by 14.9%, acquiring an additional 40,000 shares during the second quarter, bringing its total holdings to 308,600 shares.
• Alibaba's stock currently has a market capitalization of $388.37 billion and a P/E ratio of 18.94, with a consensus analyst rating of "Buy" and an average target price of $188.06.
• Recent institutional activity includes multiple investors starting or boosting their positions in Alibaba Group, indicating growing interest among institutional investors in the company.

Rheos Capital Works Inc. lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 14.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 308,600 shares of the specialty retailer's stock after acquiring an additional 40,000 shares during the quarter. Alibaba Group accounts for about 2.0% of Rheos Capital Works Inc.'s holdings, making the stock its 15th biggest holding. Rheos Capital Works Inc.'s holdings in Alibaba Group were worth $34,998,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BABA. North Ridge Wealth Advisors Inc. bought a new position in shares of Alibaba Group during the first quarter valued at about $26,000. Summit Securities Group LLC boosted its holdings in Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 59,000 shares during the period. Ransom Advisory Ltd bought a new position in Alibaba Group during the 1st quarter worth approximately $26,000. 1248 Management LLC purchased a new position in Alibaba Group in the 1st quarter worth approximately $26,000. Finally, Rosenberg Matthew Hamilton bought a new stake in Alibaba Group in the second quarter valued at approximately $26,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

BABA stock opened at $162.90 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 year high of $192.67. The firm has a 50-day moving average of $148.27 and a 200 day moving average of $127.93. The company has a market cap of $388.37 billion, a P/E ratio of 18.94, a PEG ratio of 2.09 and a beta of 0.18.

Analyst Ratings Changes

BABA has been the topic of several recent analyst reports. Arete upgraded shares of Alibaba Group from a "neutral" rating to a "buy" rating and set a $152.00 target price on the stock in a report on Wednesday, September 3rd. Citigroup reissued a "buy" rating on shares of Alibaba Group in a report on Wednesday, September 24th. Weiss Ratings restated a "buy (b-)" rating on shares of Alibaba Group in a research report on Wednesday, October 8th. Erste Group Bank upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Finally, Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Alibaba Group has a consensus rating of "Buy" and an average price target of $188.06.

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.

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