Banco Santander S.A. Purchases 9,391 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Banco Santander S.A. raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,184 shares of the specialty retailer's stock after buying an additional 9,391 shares during the period. Banco Santander S.A.'s holdings in Alibaba Group were worth $6,290,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its stake in shares of Alibaba Group by 4.6% during the third quarter. Concurrent Investment Advisors LLC now owns 8,019 shares of the specialty retailer's stock valued at $851,000 after buying an additional 354 shares during the period. Principal Financial Group Inc. boosted its holdings in Alibaba Group by 6.2% in the third quarter. Principal Financial Group Inc. now owns 52,563 shares of the specialty retailer's stock valued at $5,578,000 after acquiring an additional 3,046 shares in the last quarter. Portside Wealth Group LLC purchased a new position in Alibaba Group during the 3rd quarter valued at $312,000. Confluence Investment Management LLC bought a new position in Alibaba Group in the 3rd quarter worth $214,000. Finally, TFB Advisors LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth about $427,000. Institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Up 5.0 %

Alibaba Group stock traded up $6.67 during trading hours on Tuesday, hitting $139.21. The stock had a trading volume of 28,918,713 shares, compared to its average volume of 18,759,436. The stock's 50-day moving average price is $107.51 and its 200-day moving average price is $97.63. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.36. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $330.76 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

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Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BABA shares. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Mizuho upped 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. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Robert W. Baird upped their price target on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Bank of America raised their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has an average rating of "Buy" and an average target price of $144.07.

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.