Headwater Capital Co Ltd Invests $21.45 Million in Alibaba Group Holding Limited $BABA

Headwater Capital Co Ltd bought a new position in Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 120,000 shares of the specialty retailer’s stock, valued at approximately $21,448,000. Alibaba Group makes up 5.2% of Headwater Capital Co Ltd’s holdings, making the stock its 6th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of BABA. Primecap Management Co. CA increased its holdings in shares of Alibaba Group by 0.7% in the 2nd quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock worth $2,354,877,000 after buying an additional 140,579 shares during the last quarter. Fisher Asset Management LLC grew its position in Alibaba Group by 8.0% in the second quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer’s stock worth $597,381,000 after acquiring an additional 390,883 shares in the last quarter. Norges Bank bought a new stake in Alibaba Group during the second quarter worth approximately $527,243,000. Discerene Group LP increased its stake in Alibaba Group by 0.6% during the second quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer’s stock worth $338,584,000 after acquiring an additional 18,400 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Alibaba Group by 10.7% during the second quarter. American Century Companies Inc. now owns 2,539,055 shares of the specialty retailer’s stock valued at $287,954,000 after purchasing an additional 245,970 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Down 0.5%

NYSE:BABA opened at $152.31 on Thursday. The firm has a 50-day simple moving average of $159.22 and a 200-day simple moving average of $157.18. Alibaba Group Holding Limited has a one year low of $95.73 and a one year high of $192.67. The firm has a market cap of $363.64 billion, a P/E ratio of 21.04, a P/E/G ratio of 3.35 and a beta of 0.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Tuesday, November 25th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The business had revenue of $34.80 billion for the quarter, compared to the consensus estimate of $41.80 billion. Alibaba Group had a net margin of 12.38% and a return on equity of 10.51%. Alibaba Group’s revenue for the quarter was up 9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.15 earnings per share. Equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

BABA has been the topic of several analyst reports. Erste Group Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Freedom Capital cut shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Citigroup lifted their price target on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Rosenblatt Securities set a $195.00 price target on shares of Alibaba Group in a report on Wednesday, November 26th. Finally, Nomura upped their target price on Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.17.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.