Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 93.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,607 shares of the specialty retailer's stock after purchasing an additional 10,918 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Alibaba Group were worth $1,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Alibaba Group in the 4th quarter worth about $585,479,000. Renaissance Technologies LLC lifted its holdings in shares of Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after acquiring an additional 2,024,640 shares during the period. Appaloosa LP boosted its position in shares of Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares during the last quarter. Bank of Montreal Can grew its holdings in Alibaba Group by 92.7% in the fourth quarter. Bank of Montreal Can now owns 1,147,636 shares of the specialty retailer's stock valued at $97,308,000 after purchasing an additional 552,010 shares during the period. Finally, WT Asset Management Ltd increased its position in Alibaba Group by 364.4% during the fourth quarter. WT Asset Management Ltd now owns 634,200 shares of the specialty retailer's stock worth $53,774,000 after purchasing an additional 497,623 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Up 2.6 %

Shares of Alibaba Group stock opened at $118.92 on Thursday. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The company has a market capitalization of $284.19 billion, a PE ratio of 17.18, a P/E/G ratio of 0.61 and a beta of 0.24. 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 has a 50-day moving average of $126.71 and a 200-day moving average of $104.76.

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 analysts' consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" 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 stock a "buy" rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Finally, StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Fourteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $150.36.

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.

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