Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,730 shares of the specialty retailer's stock after acquiring an additional 4,280 shares during the period. Cibc World Markets Corp's holdings in Alibaba Group were worth $2,097,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. raised its position in shares of Alibaba Group by 13.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,058 shares of the specialty retailer's stock worth $768,000 after acquiring an additional 1,070 shares during the period. Monaco Asset Management SAM increased its stake in shares of Alibaba Group by 19.2% in the 4th quarter. Monaco Asset Management SAM now owns 155,000 shares of the specialty retailer's stock valued at $13,142,000 after purchasing an additional 25,000 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its position in Alibaba Group by 2.1% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 23,152 shares of the specialty retailer's stock worth $1,963,000 after purchasing an additional 468 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in Alibaba Group during the fourth quarter worth approximately $3,785,000. Finally, Commonwealth Equity Services LLC grew its holdings in Alibaba Group by 33.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 169,039 shares of the specialty retailer's stock valued at $14,333,000 after purchasing an additional 42,621 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

BABA has been the subject of several research analyst reports. Benchmark upped their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Robert W. Baird boosted their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alibaba Group has an average rating of "Buy" and a consensus target price of $144.07.

Alibaba Group Trading Down 0.4 %

NYSE BABA traded down $0.56 on Monday, reaching $134.58. 13,962,485 shares of the company were exchanged, compared to its average volume of 19,037,778. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. 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 business's fifty day moving average price is $117.57 and its 200 day moving average price is $101.28. The stock has a market capitalization of $319.76 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. 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.