Helios Capital Management PTE. Ltd. Grows Position in Alibaba Group Holding Limited (NYSE:BABA)

Helios Capital Management PTE. Ltd. increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,600 shares of the specialty retailer's stock after buying an additional 5,600 shares during the period. Alibaba Group accounts for 2.3% of Helios Capital Management PTE. Ltd.'s holdings, making the stock its 15th biggest position. Helios Capital Management PTE. Ltd.'s holdings in Alibaba Group were worth $3,866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Concord Wealth Partners grew its stake in Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 155 shares during the period. Highline Wealth Partners LLC purchased a new stake in Alibaba Group during the 3rd quarter worth approximately $36,000. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group during the fourth quarter valued at approximately $31,000. Assetmark Inc. lifted its position in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 275 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Alibaba Group in the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BABA. Benchmark restated a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Robert W. Baird raised their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Barclays dropped their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. StockNews.com lowered shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 14th. Finally, Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $115.13.

Alibaba Group Trading Up 3.3 %

Shares of BABA traded up $3.33 during trading on Friday, reaching $103.71. 39,472,659 shares of the company traded hands, compared to its average volume of 21,722,708. The stock has a 50-day simple moving average of $88.04 and a 200-day simple moving average of $89.60. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The stock has a market cap of $246.69 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current 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.