Madison Investment Advisors LLC Takes $3.79 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Madison Investment Advisors LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,641 shares of the specialty retailer's stock, valued at approximately $3,785,000.

Several other large investors have also recently added to or reduced their stakes in BABA. 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 third 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. lifted its position 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 in the last quarter. FMR LLC lifted its position 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 in the last quarter. Appaloosa LP lifted its position in shares of Alibaba Group by 18.4% during the fourth 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 in the last quarter. Finally, Aspex Management HK Ltd acquired a new position in shares of Alibaba Group during the third quarter worth approximately $115,995,000. 13.47% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BABA. Bank of America upped their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Barclays increased their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Benchmark increased their target price 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Alibaba Group presently has a consensus rating of "Buy" and an average target price of $144.07.

Alibaba Group Stock Up 0.1 %

Alibaba Group stock traded up $0.09 during mid-day trading on Monday, reaching $135.23. The company's stock had a trading volume of 7,388,989 shares, compared to its average volume of 19,012,860. The company has a market capitalization of $321.30 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $148.43. The business's 50 day simple moving average is $116.49 and its 200 day simple moving average is $100.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

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 analysts' consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current 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.