Riposte Capital LLC Invests $2.12 Million in Alibaba Group Holding Limited (NYSE:BABA)

Riposte Capital LLC bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,000 shares of the specialty retailer’s stock, valued at approximately $2,120,000. Alibaba Group accounts for approximately 0.4% of Riposte Capital LLC’s portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in BABA. Lindbrook Capital LLC raised its position in Alibaba Group by 3.7% during 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. Pinnacle Wealth Planning Services Inc. lifted its holdings in Alibaba Group by 3.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after acquiring an additional 108 shares during the period. TRUE Private Wealth Advisors raised its position in Alibaba Group by 3.7% in the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 112 shares during the period. TBH Global Asset Management LLC increased its position in Alibaba Group by 2.4% in the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after buying an additional 112 shares during the last quarter. Finally, Xponance Inc. boosted its position in Alibaba Group by 4.5% during the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer’s stock worth $230,000 after purchasing an additional 116 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BABA. Barclays increased their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Robert W. Baird upped their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Stock Performance

Shares of BABA opened at $135.16 on Monday. The business has a 50-day simple moving average of $116.49 and a two-hundred day simple moving average of $100.91. The stock has a market cap of $321.14 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 0.61 and a beta of 0.28. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $148.43.

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