Chiron Investment Management LLC Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Chiron Investment Management LLC acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 25,909 shares of the specialty retailer’s stock, valued at approximately $2,749,000.

Other institutional investors have also modified their holdings of the company. First Command Advisory Services Inc. acquired a new position in Alibaba Group during the 2nd quarter worth approximately $25,000. GPS Wealth Strategies Group LLC boosted its position in Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group during the 2nd quarter worth approximately $27,000. Concord Wealth Partners boosted its position in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC acquired a new position in Alibaba Group during the 3rd quarter worth approximately $36,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 2.7 %

BABA opened at $89.86 on Wednesday. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The stock’s fifty day simple moving average is $96.81 and its 200 day simple moving average is $86.15. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market cap of $214.74 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 0.42 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the prior year, the business earned $1.82 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BABA. Loop Capital reaffirmed a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. JPMorgan Chase & Co. upped their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. StockNews.com upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Finally, Barclays dropped their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

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.