Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Eagle Global Advisors LLC

Eagle Global Advisors LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,003 shares of the specialty retailer's stock after acquiring an additional 1,985 shares during the quarter. Eagle Global Advisors LLC's holdings in Alibaba Group were worth $2,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of BABA. Rings Capital Management LLC increased its holdings in shares of Alibaba Group by 1.4% during the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock worth $602,000 after buying an additional 100 shares during the last quarter. Lindbrook Capital LLC raised its position in Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after purchasing an additional 101 shares during the period. Global Endowment Management LP lifted its stake in shares of Alibaba Group by 1.4% in the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after purchasing an additional 106 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock worth $266,000 after purchasing an additional 108 shares during the period. Finally, TBH Global Asset Management LLC increased its position in shares of Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock worth $407,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Up 0.9 %

Shares of NYSE BABA opened at $127.75 on Wednesday. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The company has a market capitalization of $305.04 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. 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 business has a 50-day moving average of $124.73 and a two-hundred day moving average of $105.69.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion during 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.

Analyst Ratings Changes

A number of research analysts have commented on BABA shares. Benchmark upped their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Bank of America increased their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Fourteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $150.36.

About Alibaba Group

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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