Polunin Capital Partners Ltd Takes $43.33 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Polunin Capital Partners Ltd acquired a new position in Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 423,176 shares of the specialty retailer’s stock, valued at approximately $43,333,000. Alibaba Group makes up about 10.1% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 3rd biggest holding.

Several other institutional investors also recently bought and sold shares of BABA. Fiduciary Alliance LLC boosted its stake in shares of Alibaba Group by 154.1% during the first quarter. Fiduciary Alliance LLC now owns 55,229 shares of the specialty retailer’s stock valued at $4,052,000 after purchasing an additional 33,490 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Alibaba Group by 462.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock valued at $12,275,000 after purchasing an additional 139,134 shares in the last quarter. Generate Investment Management Ltd bought a new position in Alibaba Group in the third quarter worth about $12,656,000. SRN Advisors LLC lifted its position in shares of Alibaba Group by 76.7% during the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after buying an additional 9,663 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in shares of Alibaba Group by 52,685.7% in the 1st quarter. ORG Partners LLC now owns 11,085 shares of the specialty retailer’s stock valued at $813,000 after buying an additional 11,064 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BABA has been the subject of several analyst reports. Sanford C. Bernstein increased their price objective on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th. Barclays upped their price objective on shares of Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group reissued a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Loop Capital reaffirmed a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Finally, Bank of America lifted their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Alibaba Group Trading Up 1.1 %

Alibaba Group stock traded up $1.06 during mid-day trading on Friday, hitting $97.42. The company’s stock had a trading volume of 16,977,095 shares, compared to its average volume of 17,862,814. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $247.20 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35. The stock’s fifty day moving average is $94.08 and its two-hundred day moving average is $83.09.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same period last year, the company earned $2.47 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.93 EPS for the current 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.