Banco BTG Pactual S.A. Buys 30,778 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Banco BTG Pactual S.A. boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 102.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,778 shares of the specialty retailer's stock after acquiring an additional 30,778 shares during the period. Alibaba Group makes up approximately 1.2% of Banco BTG Pactual S.A.'s holdings, making the stock its 20th largest holding. Banco BTG Pactual S.A.'s holdings in Alibaba Group were worth $5,163,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its stake in shares of Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after purchasing an additional 101 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Alibaba Group by 3.6% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after buying an additional 108 shares in the last quarter. TRUE Private Wealth Advisors lifted its holdings in shares of Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock worth $331,000 after acquiring an additional 112 shares during the period. TBH Global Asset Management LLC boosted its position in shares of Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock valued at $407,000 after acquiring an additional 112 shares in the last quarter. Finally, Xponance Inc. increased its stake in Alibaba Group by 4.5% in the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer's stock valued at $230,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

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Analyst Ratings Changes

BABA has been the subject of a number of analyst reports. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Barclays boosted their price target on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Citigroup increased their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $148.14.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded down $3.14 during midday trading on Friday, reaching $132.49. The company had a trading volume of 13,233,872 shares, compared to its average volume of 19,457,269. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $121.60 and a 200 day simple moving average of $102.58. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43. The company has a market capitalization of $314.80 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results 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 firm had revenue of $38.38 billion for 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%. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

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.