Jackson Hole Capital Partners LLC Acquires 3,601 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Jackson Hole Capital Partners LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 35.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,625 shares of the specialty retailer’s stock after purchasing an additional 3,601 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Alibaba Group were worth $1,056,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its holdings in shares of Alibaba Group by 8.7% during the third quarter. Global Retirement Partners LLC now owns 2,176 shares of the specialty retailer’s stock valued at $183,000 after acquiring an additional 175 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Alibaba Group by 16.9% during the third quarter. DAVENPORT & Co LLC now owns 6,550 shares of the specialty retailer’s stock valued at $568,000 after buying an additional 945 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Alibaba Group by 61.5% during the third quarter. Exchange Traded Concepts LLC now owns 14,689 shares of the specialty retailer’s stock valued at $1,274,000 after buying an additional 5,594 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Alibaba Group by 19.5% during the third quarter. Private Trust Co. NA now owns 7,783 shares of the specialty retailer’s stock valued at $675,000 after buying an additional 1,272 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Alibaba Group by 45.4% during the third quarter. Pinnacle Bancorp Inc. now owns 458 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 143 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

NYSE BABA traded up $0.48 during trading on Thursday, reaching $75.11. The company’s stock had a trading volume of 11,693,849 shares, compared to its average volume of 18,030,084. The firm has a fifty day moving average of $73.16 and a 200 day moving average of $75.56. Alibaba Group Holding Limited has a one year low of $66.63 and a one year 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 stock has a market capitalization of $190.59 billion, a PE ratio of 13.86 and a beta of 0.46.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Mizuho reissued a “buy” rating and issued a $95.00 price objective on shares of Alibaba Group in a research report on Wednesday, March 27th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Susquehanna cut their price objective on Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 8th. Finally, Citigroup cut their price objective on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.91.

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.