Wynn Capital LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Wynn Capital LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,787 shares of the specialty retailer’s stock, valued at approximately $681,000.

A number of other hedge funds have also modified their holdings of BABA. Princeton Global Asset Management LLC acquired a new stake in shares of Alibaba Group in the third quarter valued at about $26,000. Baystate Wealth Management LLC increased its position in Alibaba Group by 184.6% during the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in Alibaba Group by 116.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in Alibaba Group during the third quarter worth about $30,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Alibaba Group during the third quarter worth about $31,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $85.00 price target on shares of Alibaba Group in a research note on Tuesday, April 9th. Susquehanna reduced their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, February 8th. The Goldman Sachs Group reduced their price target on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Citigroup reduced their price target on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.91.

Alibaba Group Stock Up 2.9 %

Shares of Alibaba Group stock traded up $2.12 during trading hours on Wednesday, hitting $74.63. The company had a trading volume of 16,329,654 shares, compared to its average volume of 18,108,307. The company’s 50-day moving average is $73.11 and its two-hundred day moving average is $75.57. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $189.37 billion, a P/E ratio of 13.77 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The business had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 EPS. Analysts anticipate that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

About Alibaba Group

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.