NS Partners Ltd Acquires New Stake in Alibaba Group Holding Limited (NYSE:BABA)

NS Partners Ltd purchased 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 filing with the Securities & Exchange Commission. The firm purchased 68,700 shares of the specialty retailer's stock, valued at approximately $5,825,000.

A number of other institutional investors have also recently bought and sold shares of the business. Lindbrook Capital LLC grew its stake in Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after buying an additional 101 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in shares of Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after purchasing an additional 108 shares during the last quarter. TRUE Private Wealth Advisors grew its position in shares of Alibaba Group by 3.7% in the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock valued at $331,000 after purchasing an additional 112 shares during the last quarter. TBH Global Asset Management LLC increased its stake in shares of Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock worth $407,000 after purchasing an additional 112 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer's stock worth $228,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

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Alibaba Group Price Performance

NYSE BABA traded down $5.28 during trading on Monday, hitting $135.34. 14,702,703 shares of the company's stock were exchanged, compared to its average volume of 18,624,898. The stock's 50 day moving average price is $105.46 and its two-hundred day moving average price is $96.90. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.36. 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 company has a market cap of $321.56 billion, a PE ratio of 19.57, a P/E/G ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA - Get Free Report) last issued 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 company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BABA shares. Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Robert W. Baird increased their price target on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, Barclays lifted their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $144.07.

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.