Assetmark Inc. lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 3,405.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,917 shares of the specialty retailer's stock after purchasing an additional 13,520 shares during the period. Assetmark Inc.'s holdings in Alibaba Group were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC raised its stake in shares of Alibaba Group by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock worth $13,180,000 after buying an additional 27,088 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Alibaba Group by 131.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock valued at $6,343,000 after purchasing an additional 42,446 shares in the last quarter. Bailard Inc. grew its position in shares of Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock valued at $869,000 after purchasing an additional 3,242 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Alibaba Group by 7,734.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer's stock worth $28,632,000 after purchasing an additional 266,361 shares in the last quarter. Finally, Aspex Management HK Ltd acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $115,995,000. Institutional investors and hedge funds own 13.47% of the company's stock.
Alibaba Group Price Performance
BABA stock opened at $139.21 on Wednesday. The business's fifty day moving average price is $107.51 and its 200 day moving average price is $97.63. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.36. The company has a market capitalization of $330.76 billion, a PE ratio of 20.12, 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 (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Robert W. Baird boosted their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Bank of America boosted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Benchmark raised their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Citigroup upped their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Fifteen 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, the stock currently has a consensus rating of "Buy" and an average price target of $144.07.
View Our Latest Report 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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