Amundi Grows Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Amundi increased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 80.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 646,058 shares of the specialty retailer's stock after acquiring an additional 287,127 shares during the quarter. Amundi's holdings in Alibaba Group were worth $54,069,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new stake in Alibaba Group in the 4th quarter worth approximately $170,000. Intellectus Partners LLC increased its holdings in Alibaba Group by 4.7% in the 4th quarter. Intellectus Partners LLC now owns 29,004 shares of the specialty retailer's stock worth $2,459,000 after acquiring an additional 1,300 shares in the last quarter. NS Partners Ltd purchased a new stake in Alibaba Group in the 4th quarter worth approximately $5,825,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Alibaba Group in the 4th quarter worth approximately $4,427,000. Finally, Banco Santander S.A. increased its holdings in Alibaba Group by 14.5% in the 4th quarter. Banco Santander S.A. now owns 74,184 shares of the specialty retailer's stock worth $6,290,000 after acquiring an additional 9,391 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $100.00 to $180.00 in a report on Monday, February 24th. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Citigroup increased their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Alibaba Group presently has a consensus rating of "Buy" and an average price target of $144.07.

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Alibaba Group Trading Up 5.0 %

BABA stock opened at $139.21 on Wednesday. The firm has a fifty day moving average price of $107.51 and a 200 day moving average price of $97.63. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $330.76 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 12.89% and a net margin of 12.29%. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.

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