GQG Partners LLC Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

GQG Partners LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 59,497 shares of the specialty retailer's stock, valued at approximately $5,045,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group in the 4th quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in Alibaba Group during the fourth quarter worth about $32,000. Kieckhefer Group LLC purchased a new position in shares of Alibaba Group in the 4th quarter worth about $55,000. Vision Financial Markets LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth about $55,000. Finally, Golden State Wealth Management LLC purchased a new position in Alibaba Group in the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded down $1.83 during trading hours on Tuesday, hitting $132.65. The stock had a trading volume of 17,886,228 shares, compared to its average volume of 19,062,729. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43. The firm has a market capitalization of $315.17 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 0.61 and a beta of 0.28. The stock's fifty day simple moving average is $118.59 and its 200 day simple moving average is $101.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

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Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Robert W. Baird lifted their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Benchmark increased their target price on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Finally, StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Alibaba Group has an average rating of "Buy" and a consensus target price of $144.07.

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.