Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,642 shares of the specialty retailer's stock, valued at approximately $1,089,000.
A number of other large investors have also modified their holdings of BABA. Concurrent Investment Advisors LLC raised its stake in shares of Alibaba Group by 4.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,019 shares of the specialty retailer's stock worth $851,000 after buying an additional 354 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Alibaba Group by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 52,563 shares of the specialty retailer's stock worth $5,578,000 after buying an additional 3,046 shares in the last quarter. Portside Wealth Group LLC purchased a new position in Alibaba Group in the 3rd quarter valued at approximately $312,000. Confluence Investment Management LLC purchased a new position in Alibaba Group in the 3rd quarter valued at approximately $214,000. Finally, CWA Asset Management Group LLC purchased a new position in Alibaba Group in the 3rd quarter valued at approximately $3,123,000. 13.47% of the stock is owned by hedge funds and other institutional investors.
Alibaba Group Price Performance
BABA stock opened at $140.59 on Monday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $145.36. The stock's fifty day simple moving average is $105.46 and its 200-day simple moving average is $96.90. 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 $334.04 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.
Alibaba Group (NYSE:BABA - Get Free Report) last posted 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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.
Analyst Upgrades and Downgrades
BABA has been the subject of several research analyst reports. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Arete Research raised Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. 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 note on Friday, February 21st. Barclays raised their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Fifteen investment analysts have rated the stock with a buy rating and one has issued 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 $144.07.
View Our Latest Stock Analysis on BABA
About Alibaba Group
(
Free Report)
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.
See Also
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