Fisher Asset Management LLC Acquires 78,757 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Fisher Asset Management LLC increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,093,828 shares of the specialty retailer’s stock after acquiring an additional 78,757 shares during the quarter. Fisher Asset Management LLC’s holdings in Alibaba Group were worth $431,906,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AMF Tjanstepension AB lifted its stake in Alibaba Group by 6.9% during the third 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 last quarter. Mutual Advisors LLC raised its holdings in shares of Alibaba Group by 125.3% during the 3rd quarter. Mutual Advisors LLC now owns 12,970 shares of the specialty retailer’s stock worth $1,376,000 after buying an additional 7,214 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Alibaba Group by 3.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock worth $515,000 after buying an additional 143 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in Alibaba Group by 4.4% in the third quarter. Pinnacle Associates Ltd. now owns 4,878 shares of the specialty retailer’s stock valued at $518,000 after buying an additional 207 shares in the last quarter. Finally, Financial Advocates Investment Management grew its position in Alibaba Group by 14.5% in the third quarter. Financial Advocates Investment Management now owns 19,998 shares of the specialty retailer’s stock valued at $2,122,000 after acquiring an additional 2,528 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 3.0 %

Shares of NYSE BABA opened at $132.45 on Friday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $145.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company’s 50 day moving average price is $100.36 and its 200-day moving average price is $94.79. The company has a market capitalization of $314.70 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on BABA. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Bank of America increased their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Mizuho boosted their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Fifteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average 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.