SVB Wealth LLC Takes $1.49 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

SVB Wealth LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,533 shares of the specialty retailer's stock, valued at approximately $1,487,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alibaba Group by 3,180.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock worth $409,385,000 after buying an additional 3,740,150 shares in the last quarter. Hhlr Advisors LTD. boosted its stake in Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock worth $936,785,000 after purchasing an additional 3,448,152 shares during the period. FMR LLC boosted its stake in Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock worth $383,260,000 after purchasing an additional 2,959,954 shares during the period. Aspex Management HK Ltd acquired a new position in Alibaba Group in the 3rd quarter worth approximately $115,995,000. Finally, Bank of Montreal Can acquired a new position in Alibaba Group in the 3rd quarter worth approximately $63,929,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on BABA. Bank of America increased their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a report on Friday. Morgan Stanley upgraded shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $100.00 to $180.00 in a report on Monday, February 24th. Mizuho raised their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Robert W. Baird raised their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Alibaba Group has a consensus rating of "Buy" and a consensus price target of $144.07.

Alibaba Group Stock Performance

NYSE BABA traded down $0.36 on Tuesday, hitting $130.45. 16,277,407 shares of the stock were exchanged, compared to its average volume of 18,373,036. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The business's fifty day moving average is $101.27 and its 200 day moving average is $95.35. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.30. The company has a market capitalization of $309.95 billion, a PE ratio of 18.86, a P/E/G ratio of 0.61 and a beta of 0.31.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Alibaba Group 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.