40,171 Shares in Alibaba Group Holding Limited (NYSE:BABA) Purchased by Waverton Investment Management Ltd

Waverton Investment Management Ltd acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, Holdings Channel reports. The firm acquired 40,171 shares of the specialty retailer’s stock, valued at approximately $3,406,000.

Several other large investors also recently added to or reduced their stakes in BABA. Sanders Capital LLC grew 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 buying an additional 60,667 shares in the last quarter. Hhlr Advisors LTD. grew its holdings 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Alibaba Group by 3,180.1% during 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 valued at $409,385,000 after purchasing an additional 3,740,150 shares during the period. FMR LLC raised its holdings in shares of Alibaba Group by 454.2% in 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 in the last quarter. Finally, AMF Tjanstepension AB lifted its position in shares of Alibaba Group by 6.9% in the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after purchasing an additional 178,999 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 5.7 %

BABA stock opened at $143.67 on Monday. The stock has a market capitalization of $341.36 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.31. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $95.43 and a 200 day moving average of $93.09.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.90% and a net margin of 12.29%. Sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BABA shares. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday. Citigroup boosted their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays raised their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Mizuho boosted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.93.

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.