Triasima Portfolio Management inc. Raises Holdings in Alibaba Group Holding Limited $BABA

Key Points

• Triasima Portfolio Management increased its stake in Alibaba by 102.9% in Q4 to 51,635 shares worth $7.57 million, making Alibaba about 1.1% of the firm's holdings and its 28th largest position.
• Sell‑side analysts leave a consensus rating of “Moderate Buy” with a consensus price target of $188.75, while individual targets vary widely (e.g., Nomura raised its target to $237 and Freedom Capital upgraded to a strong‑buy).
• Alibaba opened at $131.52, has a market cap of $315.5B and a PE of 24.8; in the most recent quarter it reported $0.13 EPS on $40.71B revenue, and the 12‑month trading range is $103.71–$192.67.

Triasima Portfolio Management inc. increased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 102.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 51,635 shares of the specialty retailer's stock after acquiring an additional 26,185 shares during the period. Alibaba Group makes up about 1.1% of Triasima Portfolio Management inc.'s holdings, making the stock its 28th largest holding. Triasima Portfolio Management inc.'s holdings in Alibaba Group were worth $7,569,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. grew its position in Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 72 shares during the period. Mather Group LLC. purchased a new position in shares of Alibaba Group during the third quarter worth $30,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Alibaba Group during the third quarter worth $30,000. NBT Bank N A NY boosted its position in shares of Alibaba Group by 231.5% during the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer's stock worth $32,000 after buying an additional 125 shares during the period. Finally, Palisade Asset Management LLC purchased a new position in shares of Alibaba Group during the third quarter worth $37,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on BABA. Loop Capital set a $140.00 price target on Alibaba Group in a research report on Tuesday, January 6th. Nomura raised their price target on Alibaba Group from $193.00 to $237.00 and gave the stock a "buy" rating in a research report on Monday, January 26th. Freedom Capital upgraded Alibaba Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 24th. Robert W. Baird lowered their price target on Alibaba Group from $174.00 to $164.00 and set an "outperform" rating for the company in a research report on Friday, March 20th. Finally, Barclays lowered their price target on Alibaba Group from $190.00 to $186.00 and set an "overweight" rating for the company in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.75.

Alibaba Group Trading Up 0.0%

NYSE:BABA opened at $131.52 on Monday. The firm has a market cap of $315.51 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 2.39 and a beta of 0.50. The stock has a fifty day moving average price of $133.05 and a 200 day moving average price of $151.16. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $40.71 billion during the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 4.33 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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