Gallagher Capital Advisors LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,476 shares of the specialty retailer's stock, valued at approximately $295,000.
Several other institutional investors and hedge funds also recently made changes to their positions in BABA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Alibaba Group by 3,180.1% in 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 worth $409,385,000 after purchasing an additional 3,740,150 shares in the last quarter. Hhlr Advisors LTD. increased its holdings in shares of Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock worth $936,785,000 after purchasing an additional 3,448,152 shares during the period. FMR LLC increased its holdings in shares of Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock worth $383,260,000 after purchasing an additional 2,959,954 shares during the period. Aspex Management HK Ltd acquired a new stake in shares of Alibaba Group in the third quarter valued at approximately $115,995,000. Finally, Bank of Montreal Can bought a new stake in shares of Alibaba Group in the third quarter valued at approximately $63,929,000. Institutional investors and hedge funds own 13.47% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Citigroup increased their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Robert W. Baird raised their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Benchmark upped their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $144.07.
Get Our Latest Research Report on BABA
Alibaba Group Stock Up 0.5 %
Shares of NYSE BABA 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 company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company's 50 day moving average price is $105.46 and its 200-day moving average price is $96.90. The company has a market capitalization of $334.04 billion, a P/E 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 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 during the quarter, compared to the consensus estimate of $38.19 billion. Equities analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.
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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