Neuberger Berman Group LLC Buys 131,210 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Neuberger Berman Group LLC boosted its stake in Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 41.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 445,117 shares of the specialty retailer’s stock after acquiring an additional 131,210 shares during the quarter. Neuberger Berman Group LLC’s holdings in Alibaba Group were worth $48,428,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Greylin Investment Mangement Inc. lifted its position in Alibaba Group by 100.3% in the 1st quarter. Greylin Investment Mangement Inc. now owns 124,216 shares of the specialty retailer’s stock valued at $13,515,000 after acquiring an additional 62,213 shares in the last quarter. Toroso Investments LLC lifted its position in Alibaba Group by 2.6% during the 1st quarter. Toroso Investments LLC now owns 210,845 shares of the specialty retailer’s stock worth $22,940,000 after buying an additional 5,409 shares in the last quarter. Van Hulzen Asset Management LLC bought a new stake in Alibaba Group during the 1st quarter worth about $244,000. CALIFORNIA FIRST LEASING Corp lifted its position in Alibaba Group by 49.2% during the 1st quarter. CALIFORNIA FIRST LEASING Corp now owns 17,653 shares of the specialty retailer’s stock worth $1,921,000 after buying an additional 5,823 shares in the last quarter. Finally, Capital International Investors lifted its position in Alibaba Group by 1.3% during the 1st quarter. Capital International Investors now owns 204,535 shares of the specialty retailer’s stock worth $22,377,000 after buying an additional 2,714 shares in the last quarter. 14.81% of the stock is owned by institutional investors.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $86.43 on Monday. The company’s 50 day moving average price is $95.58 and its two-hundred day moving average price is $98.89. Alibaba Group Holding Limited has a 12-month low of $73.28 and a 12-month high of $182.09. The firm has a market cap of $228.88 billion, a PE ratio of 48.02, a PEG ratio of 1.45 and a beta of 0.55. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.13.

Alibaba Group (NYSE:BABAGet Rating) last announced its earnings results on Thursday, August 4th. The specialty retailer reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.57. Alibaba Group had a net margin of 3.69% and a return on equity of 10.03%. The firm had revenue of $30.69 billion for the quarter, compared to analyst estimates of $31.15 billion. Equities research analysts predict that Alibaba Group Holding Limited will post 6.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BABA. The Goldman Sachs Group boosted their price target on shares of Alibaba Group from $163.00 to $167.00 in a research report on Monday, July 11th. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 5th. Barclays lowered their price objective on shares of Alibaba Group from $170.00 to $161.00 and set an “overweight” rating on the stock in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Alibaba Group from $155.00 to $160.00 in a research note on Monday, August 8th. Finally, Truist Financial boosted their price objective on shares of Alibaba Group from $132.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, May 31st. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.53.

About Alibaba Group

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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.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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