RWWM Inc. decreased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,826,939 shares of the specialty retailer's stock after selling 24,259 shares during the period. Alibaba Group comprises approximately 21.9% of RWWM Inc.'s portfolio, making the stock its biggest holding. RWWM Inc. owned 0.12% of Alibaba Group worth $239,696,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group in the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new position in Alibaba Group in the 4th quarter worth approximately $32,000. Assetmark Inc. grew its stake in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock valued at $42,000 after buying an additional 275 shares in the last quarter. Redwood Park Advisors LLC bought a new stake in Alibaba Group during the 4th quarter valued at $52,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth $55,000. 13.47% of the stock is owned by institutional investors.
Alibaba Group Trading Up 0.9 %
BABA stock opened at $138.41 on Friday. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.36. The company has a market capitalization of $328.86 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The company's 50 day moving average price is $109.63 and its two-hundred day moving average price is $98.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.
Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results 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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. As a group, analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on BABA shares. Bank of America lifted their price target on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Barclays increased their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Arete Research raised Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Buy" and a consensus price target of $144.07.
Get Our Latest Analysis on BABA
Alibaba Group Profile
(
Free Report)
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.
Further Reading
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