Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,058 shares of the specialty retailer’s stock after buying an additional 1,070 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Alibaba Group were worth $768,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alibaba Group by 3,180.1% in the 3rd 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 worth $409,385,000 after acquiring an additional 3,740,150 shares during the last quarter. Hhlr Advisors LTD. lifted its stake in Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after purchasing an additional 3,448,152 shares in the last quarter. FMR LLC boosted its position in shares of Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after buying an additional 2,959,954 shares during the period. Appaloosa LP grew its stake in shares of Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock valued at $1,004,181,000 after buying an additional 1,843,158 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at $115,995,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 1.3 %

NYSE BABA opened at $135.16 on Monday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The firm has a 50-day moving average price of $116.49 and a 200 day moving average price of $100.91. The stock has a market capitalization of $321.14 billion, a P/E ratio of 19.53, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

BABA has been the subject of a number of research analyst reports. Barclays raised their target price on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Bank of America increased their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Citigroup raised their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $144.07.

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.