Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Gladstone Capital Management LLP

Gladstone Capital Management LLP lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 774.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 103,141 shares of the specialty retailer’s stock after purchasing an additional 91,341 shares during the quarter. Alibaba Group comprises approximately 0.7% of Gladstone Capital Management LLP’s holdings, making the stock its 15th largest holding. Gladstone Capital Management LLP’s holdings in Alibaba Group were worth $7,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BABA. Principal Financial Group Inc. purchased a new position in Alibaba Group in the fourth quarter valued at about $1,651,000. Assetmark Inc. lifted its position in Alibaba Group by 15.6% during the 4th quarter. Assetmark Inc. now owns 3,254 shares of the specialty retailer’s stock worth $252,000 after acquiring an additional 438 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Alibaba Group by 30.3% in the 4th quarter. Franklin Resources Inc. now owns 532,668 shares of the specialty retailer’s stock worth $41,287,000 after acquiring an additional 123,925 shares during the period. SageView Advisory Group LLC grew its position in Alibaba Group by 135.3% in the fourth quarter. SageView Advisory Group LLC now owns 7,536 shares of the specialty retailer’s stock valued at $545,000 after acquiring an additional 4,333 shares in the last quarter. Finally, Cape Investment Advisory Inc. raised its stake in shares of Alibaba Group by 23.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,797 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 336 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. lifted their target price on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Susquehanna reduced their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Bank of America lifted their price objective on Alibaba Group from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Benchmark reiterated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.61.

Alibaba Group Price Performance

BABA opened at $88.29 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $80.79 and its 200 day moving average price is $77.66. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $90.46. The firm has a market cap of $224.04 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.33.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the previous year, the firm posted $2.47 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.93 earnings per share 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.