Seafarer Capital Partners LLC Acquires New Stake in Alibaba Group Holding Ltd (BABA)

Seafarer Capital Partners LLC acquired a new stake in Alibaba Group Holding Ltd (NYSE:BABA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 147,410 shares of the specialty retailer’s stock, valued at approximately $24,287,000. Alibaba Group accounts for 27.9% of Seafarer Capital Partners LLC’s portfolio, making the stock its 2nd biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of BABA. InterOcean Capital LLC acquired a new position in shares of Alibaba Group in the second quarter valued at $371,000. Moneta Group Investment Advisors LLC raised its stake in Alibaba Group by 10,334.1% during the second quarter. Moneta Group Investment Advisors LLC now owns 110,601 shares of the specialty retailer’s stock worth $520,000 after acquiring an additional 109,541 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Alibaba Group by 8.1% during the second quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock worth $2,927,474,000 after acquiring an additional 1,182,927 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Alibaba Group by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 2,811,366 shares of the specialty retailer’s stock worth $521,591,000 after acquiring an additional 229,005 shares in the last quarter. Finally, One Capital Management LLC acquired a new position in Alibaba Group during the second quarter worth $1,698,000. 38.64% of the stock is owned by institutional investors.

Several research analysts have issued reports on BABA shares. BNP Paribas started coverage on Alibaba Group in a research note on Thursday, June 14th. They set a “buy” rating for the company. Wells Fargo & Co increased their price objective on Alibaba Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, June 14th. Argus started coverage on Alibaba Group in a research note on Monday, June 25th. They set a “buy” rating and a $275.00 price objective for the company. ValuEngine lowered Alibaba Group from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, KeyCorp upgraded Alibaba Group to a “buy” rating and set a $235.00 price objective for the company in a research note on Monday, July 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-seven have given a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $225.34.

Shares of NYSE:BABA traded up $5.39 during midday trading on Friday, reaching $147.29. The company’s stock had a trading volume of 30,770,200 shares, compared to its average volume of 20,484,652. Alibaba Group Holding Ltd has a fifty-two week low of $135.14 and a fifty-two week high of $211.70. The firm has a market cap of $421.98 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 1.20 and a beta of 2.41. 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 announced its earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). Alibaba Group had a net margin of 20.57% and a return on equity of 14.18%. The business had revenue of $12.23 billion during the quarter, compared to analyst estimates of $12.25 billion. On average, analysts anticipate that Alibaba Group Holding Ltd will post 3.96 EPS for the current fiscal year.

About Alibaba Group

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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