Crossmark Global Holdings Inc. Has $10.86 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Crossmark Global Holdings Inc. boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,015 shares of the specialty retailer's stock after purchasing an additional 4,264 shares during the period. Crossmark Global Holdings Inc.'s holdings in Alibaba Group were worth $10,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of BABA. Assenagon Asset Management S.A. boosted its holdings in shares of Alibaba Group by 1,392.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock valued at $650,043,000 after purchasing an additional 5,715,155 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 during the last quarter. Hhlr Advisors LTD. grew its position in Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock worth $936,785,000 after acquiring an additional 3,448,152 shares during the last quarter. FMR LLC increased its holdings 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 in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Alibaba Group by 9,205.2% during the third quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer's stock valued at $1,801,240,000 after purchasing an additional 1,679,117 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 0.4 %

Shares of BABA stock traded up $0.30 during trading hours on Tuesday, hitting $85.42. 16,964,166 shares of the company were exchanged, compared to its average volume of 12,451,252. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The company has a 50 day simple moving average of $85.85 and a two-hundred day simple moving average of $87.93. The firm has a market cap of $203.45 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.45 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business's revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 earnings per share. Equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on BABA. Benchmark reaffirmed a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Bank of America raised their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Macquarie raised shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. Citigroup raised their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Mizuho lifted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.13.

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.