Annandale Capital LLC Increases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Annandale Capital LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,653 shares of the specialty retailer’s stock after buying an additional 6,500 shares during the period. Alibaba Group comprises about 0.8% of Annandale Capital LLC’s portfolio, making the stock its 29th biggest position. Annandale Capital LLC’s holdings in Alibaba Group were worth $4,439,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in shares of Alibaba Group during the 4th quarter worth about $1,651,000. Allianz Asset Management GmbH lifted its position in shares of Alibaba Group by 7.2% during the 4th quarter. Allianz Asset Management GmbH now owns 257,976 shares of the specialty retailer’s stock worth $19,996,000 after buying an additional 17,306 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of Alibaba Group by 768.7% in the 4th quarter. Bank of Nova Scotia now owns 36,746 shares of the specialty retailer’s stock valued at $2,848,000 after buying an additional 32,516 shares in the last quarter. Tradition Wealth Management LLC grew its position in shares of Alibaba Group by 44.6% in the 4th quarter. Tradition Wealth Management LLC now owns 1,262 shares of the specialty retailer’s stock valued at $98,000 after buying an additional 389 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its stake in Alibaba Group by 44.1% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 16,020 shares of the specialty retailer’s stock worth $1,242,000 after acquiring an additional 4,902 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Up 2.2 %

Shares of NYSE BABA opened at $107.33 on Friday. 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 firm has a 50-day moving average price of $82.98 and a 200 day moving average price of $78.50. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $109.43. The stock has a market capitalization of $272.35 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 0.46 and a beta of 0.33.

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 the consensus estimate 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 analysts’ expectations of $248.32 billion. During the same period in the previous year, the firm posted $2.47 earnings per share. Alibaba Group’s revenue was up 3.9% on a year-over-year basis. Equities research analysts anticipate that Alibaba Group Holding Limited will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Loop Capital restated a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Robert W. Baird raised their price target on Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Benchmark reaffirmed a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research report on Friday, August 16th. 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. Finally, Bank of America lifted their target price on shares of Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Three 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $107.61.

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.