Gladstone Capital Management LLP purchased a new stake in Alibaba Group Holding Ltd (NYSE:BABA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 148,184 shares of the specialty retailer’s stock, valued at approximately $25,110,000. Alibaba Group makes up about 7.0% of Gladstone Capital Management LLP’s holdings, making the stock its 6th largest position.
A number of other institutional investors have also bought and sold shares of the business. Comerica Securities Inc. grew its holdings in Alibaba Group by 51.9% during the 4th quarter. Comerica Securities Inc. now owns 5,435 shares of the specialty retailer’s stock valued at $745,000 after buying an additional 1,857 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Alibaba Group by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,818,587 shares of the specialty retailer’s stock valued at $386,814,000 after buying an additional 35,509 shares in the last quarter. Geode Capital Management LLC grew its holdings in Alibaba Group by 11.1% during the 4th quarter. Geode Capital Management LLC now owns 2,450,597 shares of the specialty retailer’s stock valued at $333,476,000 after buying an additional 244,334 shares in the last quarter. USS Investment Management Ltd grew its holdings in Alibaba Group by 10.0% during the 1st quarter. USS Investment Management Ltd now owns 2,373,700 shares of the specialty retailer’s stock valued at $433,105,000 after buying an additional 216,500 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in Alibaba Group during the 1st quarter valued at about $34,000. Institutional investors own 41.06% of the company’s stock.
BABA has been the subject of a number of recent analyst reports. Macquarie set a $226.00 target price on Alibaba Group and gave the company a “buy” rating in a report on Wednesday, June 19th. Raymond James cut their price objective on Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a report on Thursday, May 16th. Mizuho boosted their price objective on Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. TH Capital boosted their price objective on Alibaba Group from $180.00 to $220.00 in a report on Monday, May 13th. Finally, Zacks Investment Research raised Alibaba Group from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $218.48.
Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $7.82. The business had revenue of $93.50 billion during the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. Alibaba Group’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.73 earnings per share. As a group, equities research analysts anticipate that Alibaba Group Holding Ltd will post 5.04 EPS for the current year.
Alibaba Group Profile
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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