Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 7,756.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,410 shares of the specialty retailer's stock after purchasing an additional 193,910 shares during the period. Alibaba Group comprises approximately 1.3% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's portfolio, making the stock its 15th largest position. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Alibaba Group were worth $16,654,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Alibaba Group by 11.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,012,429 shares of the specialty retailer's stock valued at $85,835,000 after buying an additional 107,914 shares during the period. Mmbg Investment Advisors CO. grew its position in shares of Alibaba Group by 44.9% during the 4th quarter. Mmbg Investment Advisors CO. now owns 65,705 shares of the specialty retailer's stock valued at $5,571,000 after buying an additional 20,355 shares during the last quarter. Moore Capital Management LP acquired a new position in Alibaba Group during the 4th quarter valued at approximately $2,417,000. LRI Investments LLC grew its position in Alibaba Group by 19.9% in the 4th quarter. LRI Investments LLC now owns 1,712 shares of the specialty retailer's stock worth $145,000 after purchasing an additional 284 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Alibaba Group by 95.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock worth $179,087,000 after acquiring an additional 1,030,999 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Trading Up 5.9%

Alibaba Group stock opened at $132.68 on Tuesday. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $316.82 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 0.61 and a beta of 0.24. The firm has a 50 day moving average of $124.19 and a 200 day moving average of $106.53.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. 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

A number of research firms have recently issued reports on BABA. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Bank of America lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, StockNews.com upgraded 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 given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus 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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