Carlson Capital Management Takes Position in Alibaba Group Holding Ltd (BABA)

Carlson Capital Management acquired a new position in shares of Alibaba Group Holding Ltd (NYSE:BABA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,222 shares of the specialty retailer’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hillhouse Capital Management Ltd. raised its holdings in Alibaba Group by 318.7% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 6,508,438 shares of the specialty retailer’s stock valued at $1,207,511,000 after acquiring an additional 4,954,118 shares in the last quarter. Bank of America Corp DE raised its holdings in Alibaba Group by 32.9% in the 2nd quarter. Bank of America Corp DE now owns 10,608,066 shares of the specialty retailer’s stock valued at $1,968,114,000 after acquiring an additional 2,626,882 shares in the last quarter. BlackRock Inc. raised its holdings in Alibaba Group by 3.4% in the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock valued at $11,708,501,000 after acquiring an additional 2,077,793 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in Alibaba Group by 20,210.4% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,532,621 shares of the specialty retailer’s stock valued at $8,224,000 after acquiring an additional 1,525,075 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Alibaba Group by 8.4% in the 2nd quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock valued at $2,963,007,000 after acquiring an additional 1,235,562 shares in the last quarter. 38.67% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on BABA. ValuEngine cut Alibaba Group from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $200.00 price target (down previously from $220.00) on shares of Alibaba Group in a report on Friday, October 12th. Zacks Investment Research cut Alibaba Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. UBS Group cut their price target on Alibaba Group from $230.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Susquehanna Bancshares cut their price target on Alibaba Group from $295.00 to $220.00 and set a “positive” rating for the company in a report on Monday, October 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have issued a buy rating and three have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $222.48.

NYSE BABA opened at $142.93 on Friday. The company has a market cap of $379.41 billion, a P/E ratio of 35.47, a price-to-earnings-growth ratio of 1.15 and a beta of 2.41. Alibaba Group Holding Ltd has a one year low of $135.14 and a one year high of $211.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 1.44.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). The business had revenue of $12.23 billion for the quarter, compared to the consensus estimate of $12.25 billion. Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. Analysts forecast that Alibaba Group Holding Ltd will post 3.72 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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