BI Asset Management Fondsmaeglerselskab A S Raises Stake in Alibaba Group Holding Limited (NYSE:BABA)

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,566 shares of the specialty retailer's stock after buying an additional 2,421 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Alibaba Group were worth $4,372,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Appaloosa LP boosted its holdings in shares of Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares during the period. Norges Bank bought a new position in Alibaba Group during the fourth quarter valued at $585,479,000. Fisher Asset Management LLC grew its holdings in Alibaba Group by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock valued at $431,906,000 after purchasing an additional 78,757 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Alibaba Group by 208.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after purchasing an additional 2,024,640 shares during the last quarter. Finally, North of South Capital LLP raised its holdings in shares of Alibaba Group by 17.9% in the fourth quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer's stock worth $167,525,000 after buying an additional 300,432 shares during the period. Institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Bank of America increased their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Morgan Stanley upgraded 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 research note on Monday, February 24th. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Mizuho raised Alibaba Group to a "strong-buy" rating in a research note on Friday, April 18th. Fourteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $150.36.

Alibaba Group Price Performance

Alibaba Group stock traded up $3.04 during trading on Wednesday, reaching $118.92. The company had a trading volume of 25,607,336 shares, compared to its average volume of 29,738,152. 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 capitalization of $284.19 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The firm's 50-day simple moving average is $126.83 and its 200 day simple moving average is $104.67.

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 the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. As a group, equities research 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.