Pillar Pacific Capital Management LLC Boosts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)


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Pillar Pacific Capital Management LLC raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,103 shares of the specialty retailer’s stock after purchasing an additional 936 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Alibaba Group were worth $10,730,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Claudia M.P. Batlle CRP R LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $25,000. Slow Capital Inc. acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $26,000. CVA Family Office LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $29,000. Horan Capital Advisors LLC. acquired a new position in Alibaba Group in the 3rd quarter worth about $29,000. Finally, Planned Solutions Inc. raised its holdings in Alibaba Group by 66.7% in the 4th quarter. Planned Solutions Inc. now owns 125 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 40.38% of the company’s stock.

BABA has been the subject of a number of analyst reports. Nomura reaffirmed a “buy” rating and issued a $338.00 price target on shares of Alibaba Group in a report on Thursday, January 14th. Royal Bank of Canada increased their target price on Alibaba Group from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, November 6th. Citigroup increased their target price on Alibaba Group from $316.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Stifel Nicolaus reissued a “buy” rating and set a $330.00 target price on shares of Alibaba Group in a report on Tuesday, October 27th. Finally, Barclays increased their target price on Alibaba Group from $360.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, November 9th. Three analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $321.55.

Alibaba Group stock traded down $5.00 during midday trading on Tuesday, reaching $249.00. The company’s stock had a trading volume of 381,750 shares, compared to its average volume of 21,523,230. Alibaba Group Holding Limited has a fifty-two week low of $169.95 and a fifty-two week high of $319.32. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.12. The company has a market cap of $673.70 billion, a P/E ratio of 36.44, a P/E/G ratio of 1.59 and a beta of 0.99. The business has a 50-day simple moving average of $254.14 and a 200-day simple moving average of $269.44.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Monday, February 1st. The specialty retailer reported $22.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $19.25. The company had revenue of $221.08 billion for the quarter, compared to analyst estimates of $214.39 billion. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter last year, the company posted $18.19 earnings per share. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.84 earnings per share for the current year.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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