ANTIPODES PARTNERS Ltd Increases Stake in Alibaba Group Holding Ltd (NYSE:BABA)

ANTIPODES PARTNERS Ltd raised its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 85.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 890,846 shares of the specialty retailer’s stock after buying an additional 409,601 shares during the quarter. Alibaba Group comprises 7.1% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 2nd biggest holding. ANTIPODES PARTNERS Ltd’s holdings in Alibaba Group were worth $148,976,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Enterprise Trust & Investment Co bought a new stake in Alibaba Group during the 3rd quarter valued at $27,000. Lee Financial Co raised its position in Alibaba Group by 194.6% during the 2nd quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 109 shares in the last quarter. WealthStone Inc. bought a new stake in Alibaba Group during the 2nd quarter valued at $29,000. Financial Advantage Inc. purchased a new position in shares of Alibaba Group in the 3rd quarter valued at $33,000. Finally, B & T Capital Management DBA Alpha Capital Management purchased a new position in Alibaba Group during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 46.82% of the company’s stock.

Shares of BABA stock traded down $1.16 during midday trading on Wednesday, reaching $193.74. 14,842,958 shares of the company traded hands, compared to its average volume of 16,047,586. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.38. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $200.98. The firm has a market cap of $492.95 billion, a PE ratio of 53.97, a price-to-earnings-growth ratio of 1.31 and a beta of 2.26. The firm’s 50 day simple moving average is $182.95 and its two-hundred day simple moving average is $171.74.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 1st. The specialty retailer reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.30. The firm had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.72 billion. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. As a group, research analysts anticipate that Alibaba Group Holding Ltd will post 5.94 earnings per share for the current fiscal year.

Several research analysts recently weighed in on BABA shares. Royal Bank of Canada set a $210.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Monday, August 12th. SunTrust Banks dropped coverage on Alibaba Group in a research note on Friday, November 1st. Stifel Nicolaus set a $225.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, September 24th. Goldman Sachs Group set a $236.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Macquarie assumed coverage on Alibaba Group in a report on Wednesday, November 27th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $223.71.

About Alibaba Group

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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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