Alibaba Group Holding Limited (NYSE:BABA) Holdings Raised by Ethic Inc.

Ethic Inc. increased its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 406.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,382 shares of the specialty retailer's stock after purchasing an additional 11,544 shares during the quarter. Ethic Inc.'s holdings in Alibaba Group were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $585,479,000. Renaissance Technologies LLC raised its stake in Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after purchasing an additional 2,024,640 shares during the period. Appaloosa LP raised its stake in Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after purchasing an additional 1,843,158 shares during the period. Bank of Montreal Can lifted its holdings in shares of Alibaba Group by 92.7% in the fourth quarter. Bank of Montreal Can now owns 1,147,636 shares of the specialty retailer's stock valued at $97,308,000 after purchasing an additional 552,010 shares in the last quarter. Finally, Clear Street Derivatives LLC acquired a new stake in shares of Alibaba Group in the fourth quarter worth $46,690,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Trading Down 0.6%

Alibaba Group stock opened at $131.70 on Wednesday. Alibaba Group Holding Limited has a one year low of $71.80 and a one year high of $148.43. The company's fifty day moving average price is $124.03 and its two-hundred day moving average price is $106.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $314.49 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. On average, analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the subject of several research analyst reports. Benchmark increased their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Citigroup reduced their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Mizuho raised shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, April 18th. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Bank of America boosted their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Fourteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $150.36.

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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