Triasima Portfolio Management inc. Grows Stock Position in Alibaba Group Holding Limited $BABA

Triasima Portfolio Management inc. lifted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 102.9% in the fourth quarter, HoldingsChannel reports. The firm owned 51,635 shares of the specialty retailer’s stock after acquiring an additional 26,185 shares during the quarter. Alibaba Group makes up about 1.1% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its 28th biggest position. Triasima Portfolio Management inc.’s holdings in Alibaba Group were worth $7,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Brighton Jones LLC raised its stake in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 981 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Alibaba Group in the first quarter valued at $254,000. Bank of Nova Scotia raised its stake in Alibaba Group by 313.0% in the second quarter. Bank of Nova Scotia now owns 21,778 shares of the specialty retailer’s stock valued at $2,470,000 after buying an additional 16,505 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Alibaba Group in the second quarter valued at $1,613,000. Finally, Ieq Capital LLC raised its stake in Alibaba Group by 51.9% in the second quarter. Ieq Capital LLC now owns 70,060 shares of the specialty retailer’s stock valued at $7,946,000 after buying an additional 23,925 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 0.0%

BABA opened at $131.52 on Monday. The business’s 50-day simple moving average is $133.05 and its 200-day simple moving average is $151.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.33. Alibaba Group Holding Limited has a one year low of $103.71 and a one year high of $192.67. The stock has a market capitalization of $315.51 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.39 and a beta of 0.50.

Alibaba Group (NYSE:BABA) last posted its earnings results on Saturday, February 14th. The specialty retailer reported $0.13 EPS for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%.The business had revenue of $40.71 billion for the quarter. Analysts anticipate that Alibaba Group Holding Limited will post 4.33 EPS for the current year.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of analyst reports. Mizuho cut their price target on Alibaba Group from $195.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Zacks Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Freedom Capital upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Erste Group Bank cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Argus upgraded Alibaba Group to a “hold” rating in a research note on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $188.75.

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.