UMB Bank n.a. lowered its holdings in Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 78.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 905 shares of the specialty retailer’s stock after selling 3,267 shares during the quarter. UMB Bank n.a.’s holdings in Alibaba Group were worth $77,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Sanders Capital LLC increased its position in shares of Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after purchasing an additional 60,667 shares in the last quarter. Hhlr Advisors LTD. grew its position in Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after acquiring an additional 3,448,152 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Alibaba Group by 1,392.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after acquiring an additional 5,715,155 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Alibaba Group by 3,180.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after purchasing an additional 3,740,150 shares during the last quarter. Finally, FMR LLC lifted its position in Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after purchasing an additional 2,959,954 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.
Analysts Set New Price Targets
BABA has been the topic of several research reports. Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays reduced their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Robert W. Baird increased their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and an average target price of $115.13.
Alibaba Group Trading Up 3.5 %
NYSE:BABA opened at $89.13 on Friday. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $117.82. The firm has a 50-day simple moving average of $85.53 and a 200-day simple moving average of $87.99. The firm has a market cap of $212.29 billion, a P/E ratio of 18.08, a P/E/G ratio of 0.37 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.
Alibaba Group (NYSE:BABA – Get Free Report) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter last year, the company earned $1.82 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.
Alibaba Group Company 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.
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