Exchange Traded Concepts LLC Buys 15,028 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Exchange Traded Concepts LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 102.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,717 shares of the specialty retailer’s stock after acquiring an additional 15,028 shares during the period. Exchange Traded Concepts LLC’s holdings in Alibaba Group were worth $2,303,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Morgan Stanley increased its stake in Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after purchasing an additional 1,406,491 shares in the last quarter. Sanders Capital LLC lifted its position in Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after acquiring an additional 11,473,618 shares during the period. Fiduciary Alliance LLC increased its holdings in shares of Alibaba Group by 27.1% in the third quarter. Fiduciary Alliance LLC now owns 14,275 shares of the specialty retailer’s stock valued at $1,238,000 after purchasing an additional 3,040 shares during the period. Certuity LLC raised its stake in shares of Alibaba Group by 122.2% in the third quarter. Certuity LLC now owns 113,704 shares of the specialty retailer’s stock worth $9,863,000 after purchasing an additional 62,543 shares during the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd boosted its position in Alibaba Group by 19.7% in the third quarter. Taikang Asset Management Hong Kong Co Ltd now owns 730,000 shares of the specialty retailer’s stock valued at $63,320,000 after buying an additional 120,000 shares during the last quarter. 14.22% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 0.0 %

Shares of Alibaba Group stock opened at $73.42 on Friday. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $105.05. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market cap of $186.30 billion, a P/E ratio of 13.55 and a beta of 0.47. The stock’s 50 day simple moving average is $73.23 and its 200-day simple moving average is $78.75.

Alibaba Group (NYSE:BABAGet Free Report) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The company had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $2.44 earnings per share. Analysts predict that Alibaba Group Holding Limited will post 7.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on BABA shares. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group dropped their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Robert W. Baird decreased their price target on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Benchmark lowered their target price on shares of Alibaba Group from $150.00 to $128.00 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. Finally, Mizuho lowered their price target on Alibaba Group from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.44.

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Alibaba Group Company Profile

(Free Report)

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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