Rockefeller Capital Management L.P. Has $12.72 Million Stake in Alibaba Group Holding Limited (NYSE:BABA)

Rockefeller Capital Management L.P. grew its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,957 shares of the specialty retailer's stock after buying an additional 8,601 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Alibaba Group were worth $12,715,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Appaloosa LP grew its stake in shares of Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares in the last quarter. Norges Bank acquired a new stake in Alibaba Group in the 4th quarter valued at $585,479,000. Fisher Asset Management LLC increased its stake in Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock valued at $431,906,000 after buying an additional 78,757 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after buying an additional 2,024,640 shares during the last quarter. Finally, North of South Capital LLP boosted its stake in shares of Alibaba Group by 17.9% during the 4th quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer's stock worth $167,525,000 after buying an additional 300,432 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of BABA traded up $2.28 during midday trading on Friday, reaching $109.03. 17,805,254 shares of the stock were exchanged, compared to its average volume of 20,607,737. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock's 50 day simple moving average is $127.14 and its 200 day simple moving average is $104.77. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $148.43. The company has a market cap of $260.55 billion, a P/E ratio of 15.76, a PEG ratio of 0.61 and a beta of 0.24.

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 (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 business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BABA shares. 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 report on Friday, February 21st. Benchmark increased their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Bank of America lifted their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Robert W. Baird upped 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. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $150.36.

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.