Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Long Corridor Asset Management Ltd

Long Corridor Asset Management Ltd boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 20.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,000 shares of the specialty retailer’s stock after acquiring an additional 20,000 shares during the period. Alibaba Group comprises approximately 7.6% of Long Corridor Asset Management Ltd’s portfolio, making the stock its 5th largest position. Long Corridor Asset Management Ltd’s holdings in Alibaba Group were worth $10,175,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Lindbrook Capital LLC raised its stake in Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock valued at $240,000 after acquiring an additional 101 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after acquiring an additional 108 shares in the last quarter. TRUE Private Wealth Advisors grew its stake in shares of Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 112 shares during the period. TBH Global Asset Management LLC lifted its stake in shares of Alibaba Group by 2.4% in the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after purchasing an additional 112 shares during the period. Finally, Xponance Inc. raised its position in shares of Alibaba Group by 4.5% during the 4th quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer’s stock worth $230,000 after purchasing an additional 116 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Down 0.4 %

BABA opened at $134.58 on Tuesday. The stock has a market cap of $319.76 billion, a P/E ratio of 19.45, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $148.43. The stock’s 50 day moving average price is $117.57 and its 200 day moving average price is $101.28.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Benchmark upped their target price on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Bank of America increased their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group has an average rating of “Buy” and a consensus price target of $144.07.

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.