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

Rings Capital Management LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,100 shares of the specialty retailer’s stock after purchasing an additional 100 shares during the quarter. Alibaba Group comprises approximately 0.3% of Rings Capital Management LLC’s holdings, making the stock its 8th largest position. Rings Capital Management LLC’s holdings in Alibaba Group were worth $602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the fourth quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the 4th quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL lifted its position in shares of Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth approximately $52,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Mizuho upped their target price on shares of Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, March 28th. Barclays raised their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Benchmark upped their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Bank of America boosted their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $150.36.

Alibaba Group Stock Up 2.1 %

Shares of NYSE BABA opened at $109.03 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market cap of $260.55 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 12-month low of $69.12 and a 12-month high of $148.43. The firm’s 50-day simple moving average is $127.07 and its 200 day simple moving average is $104.62.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. On average, research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.