APEIRON CAPITAL Ltd Invests $1.48 Million in Alibaba Group Holding Limited (NYSE:BABA)

APEIRON CAPITAL Ltd purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 17,400 shares of the specialty retailer’s stock, valued at approximately $1,475,000. Alibaba Group comprises approximately 0.5% of APEIRON CAPITAL Ltd’s holdings, making the stock its 11th largest holding.

A number of other large investors also recently bought and sold shares of BABA. Concord Wealth Partners increased its holdings in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group during the second quarter valued at $27,000. Highline Wealth Partners LLC purchased a new position in Alibaba Group in the third quarter valued at $36,000. Assetmark Inc. raised its position in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 275 shares during the period. Finally, Asset Dedication LLC boosted its stake in shares of Alibaba Group by 315.0% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 400 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of analyst reports. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Monday, October 7th. Robert W. Baird upped their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Mizuho upped their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Benchmark reiterated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Price Performance

NYSE:BABA opened at $85.45 on Tuesday. The stock has a 50 day moving average price of $88.82 and a 200 day moving average price of $87.28. The stock has a market cap of $203.80 billion, a PE ratio of 17.33, a P/E/G ratio of 0.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $239.45 billion. During the same quarter in the previous year, the firm earned $1.82 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Alibaba Group Company Profile

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.