Alibaba Group Holding Limited (NYSE:BABA) is RWWM Inc.’s Largest Position

RWWM Inc. lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 18.6% during the 2nd quarter, Holdings Channel reports. The firm owned 2,964,632 shares of the specialty retailer’s stock after selling 679,641 shares during the quarter. Alibaba Group comprises 23.2% of RWWM Inc.’s investment portfolio, making the stock its biggest holding. RWWM Inc.’s holdings in Alibaba Group were worth $213,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Primecap Management Co. CA increased its position in Alibaba Group by 5.2% during the 2nd quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer’s stock worth $1,574,711,000 after purchasing an additional 1,074,175 shares in the last quarter. Sanders Capital LLC grew its holdings in shares of Alibaba Group by 5.4% during the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock worth $1,228,398,000 after buying an additional 819,019 shares in the last quarter. FIL Ltd raised its position in shares of Alibaba Group by 10.2% in the fourth quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock valued at $823,986,000 after buying an additional 983,842 shares during the last quarter. H&H International Investment LLC raised its position in shares of Alibaba Group by 63.1% in the fourth quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock valued at $384,390,000 after buying an additional 1,918,730 shares during the last quarter. Finally, ARGA Investment Management LP lifted its stake in shares of Alibaba Group by 39.2% during the first quarter. ARGA Investment Management LP now owns 3,582,005 shares of the specialty retailer’s stock valued at $259,194,000 after buying an additional 1,009,397 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Down 0.2 %

Shares of Alibaba Group stock opened at $88.29 on Monday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $90.46. The stock has a market cap of $224.04 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.33. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $80.79 and a 200 day moving average price of $77.66.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping the consensus estimate of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 earnings per share. Equities research analysts forecast that Alibaba Group Holding Limited will post 7.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Loop Capital reaffirmed a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. Sanford C. Bernstein lifted their price objective on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, August 16th. Bank of America increased their target price on Alibaba Group from $103.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, August 16th. Finally, Truist Financial dropped their price objective on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $107.61.

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.