Alibaba Group Holding Limited (NYSE:BABA) Stock Position Boosted by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 42.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,830 shares of the specialty retailer's stock after acquiring an additional 5,927 shares during the period. Blue Trust Inc.'s holdings in Alibaba Group were worth $1,681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in shares of Alibaba Group by 1,392.6% in the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock valued at $650,043,000 after purchasing an additional 5,715,155 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alibaba Group by 3,180.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock valued at $409,385,000 after acquiring an additional 3,740,150 shares during the period. Hhlr Advisors LTD. boosted its stake in shares of Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock worth $936,785,000 after acquiring an additional 3,448,152 shares in the last quarter. FMR LLC grew its holdings in shares of Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock worth $383,260,000 after acquiring an additional 2,959,954 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Alibaba Group by 9,205.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer's stock valued at $1,801,240,000 after purchasing an additional 1,679,117 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Up 6.7 %

Shares of Alibaba Group stock traded up $6.00 during trading hours on Tuesday, hitting $95.99. 30,935,663 shares of the company's stock traded hands, compared to its average volume of 14,400,387. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The stock has a 50 day simple moving average of $85.55 and a 200-day simple moving average of $88.35. The company has a market cap of $228.63 billion, a PE ratio of 19.47, a PEG ratio of 0.37 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 EPS. Equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on BABA shares. Bank of America boosted their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Barclays lowered their price target on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Macquarie upgraded Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $115.13.

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.