Rings Capital Management LLC Grows Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Rings Capital Management LLC increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,100 shares of the specialty retailer’s stock after acquiring an additional 100 shares during the period. Alibaba Group makes up approximately 0.3% of Rings Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Rings Capital Management LLC’s holdings in Alibaba Group were worth $602,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC grew its stake in shares of Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 101 shares during the last quarter. Global Endowment Management LP grew its position in Alibaba Group by 1.4% in the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock worth $642,000 after buying an additional 106 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock valued at $266,000 after buying an additional 108 shares in the last quarter. TBH Global Asset Management LLC lifted its position in shares of Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after acquiring an additional 112 shares during the last quarter. Finally, Xponance Inc. boosted its stake in shares of Alibaba Group by 4.5% during the 4th quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer’s stock worth $230,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BABA. Bank of America upped their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Robert W. Baird increased their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $100.00 to $180.00 in a report on Monday, February 24th. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $150.36.

Alibaba Group Price Performance

Shares of BABA opened at $109.03 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $260.55 billion, a PE ratio of 15.76, a PEG ratio of 0.61 and a beta of 0.24. The firm’s 50 day moving average price is $127.07 and its 200 day moving average price is $104.62. Alibaba Group Holding Limited has a twelve month low of $69.12 and a twelve month high of $148.43.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal 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.