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

Foundations Investment Advisors LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 21.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,440 shares of the specialty retailer's stock after buying an additional 27,088 shares during the period. Foundations Investment Advisors LLC's holdings in Alibaba Group were worth $13,180,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Sanders Capital LLC increased its position in shares of Alibaba Group by 0.3% during the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer's stock worth $1,959,021,000 after purchasing an additional 60,667 shares in 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 purchasing an additional 3,448,152 shares during the period. Assenagon Asset Management S.A. grew its position in Alibaba Group by 1,392.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock worth $650,043,000 after purchasing an additional 5,715,155 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Alibaba Group by 3,180.1% during the 3rd 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 acquiring an additional 3,740,150 shares in the last quarter. Finally, FMR LLC lifted its stake in Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock valued at $383,260,000 after buying an additional 2,959,954 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

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Alibaba Group Price Performance

Alibaba Group stock traded up $0.84 during mid-day trading on Monday, reaching $89.98. The company had a trading volume of 25,947,149 shares, compared to its average volume of 13,356,944. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $214.32 billion, a P/E ratio of 18.25, a P/E/G ratio of 0.37 and a beta of 0.30. The stock's 50-day simple moving average is $85.54 and its 200-day simple moving average is $88.27.

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

Analyst Ratings Changes

A number of analysts have commented on BABA shares. Macquarie upgraded shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective for the company in a report on Monday, October 7th. StockNews.com downgraded shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Mizuho raised their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Bank of America lifted their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Barclays decreased their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Alibaba Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.13.

Alibaba Group Company 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.