Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,507,591 shares of the specialty retailer's stock after purchasing an additional 72,140 shares during the quarter. American Century Companies Inc. owned 0.06% of Alibaba Group worth $127,829,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group during the fourth quarter worth $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth about $32,000. Kieckhefer Group LLC acquired a new position in shares of Alibaba Group in the fourth quarter worth about $55,000. Vision Financial Markets LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $55,000. Finally, Golden State Wealth Management LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $60,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BABA has been the topic of a number of research analyst reports. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Barclays lifted their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Citigroup boosted their price target on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, Bank of America raised their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $144.07.

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Alibaba Group Price Performance

BABA stock traded up $3.45 during trading on Thursday, hitting $135.69. The company had a trading volume of 16,656,133 shares, compared to its average volume of 19,069,117. The business has a 50 day moving average of $119.59 and a 200 day moving average of $101.86. The firm has a market capitalization of $322.39 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) 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%. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

About Alibaba Group

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.