FengHe Fund Management Pte. Ltd. Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

FengHe Fund Management Pte. Ltd. purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 497,400 shares of the specialty retailer’s stock, valued at approximately $42,175,000. Alibaba Group accounts for about 12.4% of FengHe Fund Management Pte. Ltd.’s investment portfolio, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in Alibaba Group during the 4th quarter worth approximately $32,000. JFS Wealth Advisors LLC increased its holdings in Alibaba Group by 39.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 727 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 206 shares during the period. Blue Zone Wealth Advisors LLC increased its holdings in Alibaba Group by 3.8% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 52,916 shares of the specialty retailer’s stock worth $4,487,000 after acquiring an additional 1,919 shares during the period. Strategic Financial Concepts LLC bought a new stake in Alibaba Group during the 4th quarter worth approximately $3,020,000. Finally, Quantum Private Wealth LLC increased its holdings in Alibaba Group by 1.6% during the 4th quarter. Quantum Private Wealth LLC now owns 24,791 shares of the specialty retailer’s stock worth $2,102,000 after acquiring an additional 393 shares during the period. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Robert W. Baird increased their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.86.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $124.73 on Monday. The stock has a market capitalization of $296.71 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The company has a fifty day moving average of $91.25 and a 200-day moving average of $91.11. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $126.80.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.82 EPS. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 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.