Dimension Capital Management LLC grew its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 98.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,628 shares of the specialty retailer’s stock after purchasing an additional 4,788 shares during the quarter. Alibaba Group makes up approximately 0.6% of Dimension Capital Management LLC’s holdings, making the stock its 24th biggest position. Dimension Capital Management LLC’s holdings in Alibaba Group were worth $1,320,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norway Savings Bank increased its position in shares of Alibaba Group by 640.0% during the 4th quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Baystate Wealth Management LLC purchased a new stake in Alibaba Group in the 4th quarter worth approximately $31,000. BerganKDV Wealth Management LLC purchased a new stake in Alibaba Group in the 4th quarter worth approximately $34,000. Trust Co. of Vermont increased its holdings in Alibaba Group by 58.9% in the 4th quarter. Trust Co. of Vermont now owns 259 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 96 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. purchased a new stake in Alibaba Group in the 4th quarter worth approximately $38,000. 39.11% of the stock is owned by hedge funds and other institutional investors.
Get Alibaba Group alerts:Shares of BABA opened at $177.32 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Alibaba Group Holding Ltd has a 1 year low of $129.77 and a 1 year high of $211.70. The company has a market cap of $453.12 billion, a price-to-earnings ratio of 44.00, a P/E/G ratio of 1.73 and a beta of 2.31.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The business had revenue of $117.28 billion during the quarter, compared to analyst estimates of $118.52 billion. During the same period last year, the firm posted $1.63 EPS. The company’s revenue was up 41.3% on a year-over-year basis. Analysts forecast that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. ValuEngine raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday. Nomura reissued a “buy” rating and issued a $205.00 target price (up from $200.00) on shares of Alibaba Group in a report on Thursday, January 31st. Macquarie reissued an “outperform” rating and issued a $224.00 target price (up from $220.00) on shares of Alibaba Group in a report on Thursday, January 31st. Finally, Bank of America reissued a “buy” rating and issued a $215.00 target price (down from $221.00) on shares of Alibaba Group in a report on Thursday, January 31st. One investment analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and an average price target of $211.07.
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Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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