Baird Financial Group Inc. Has $33.09 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Baird Financial Group Inc. lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 390,233 shares of the specialty retailer's stock after purchasing an additional 12,525 shares during the quarter. Baird Financial Group Inc.'s holdings in Alibaba Group were worth $33,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BABA. Foundations Investment Advisors LLC boosted its position in Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock valued at $13,180,000 after buying an additional 27,088 shares in the last quarter. Berkshire Asset Management LLC PA acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $911,000. Exchange Traded Concepts LLC grew its position in Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock worth $6,343,000 after acquiring an additional 42,446 shares during the last quarter. Bailard Inc. increased its holdings in Alibaba Group by 46.3% during the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock valued at $869,000 after purchasing an additional 3,242 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in Alibaba Group by 31.3% in the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer's stock valued at $1,566,000 after purchasing an additional 4,397 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BABA. Benchmark increased their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Barclays increased their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Robert W. Baird boosted their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Fourteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Alibaba Group presently has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Trading Up 2.2 %

Shares of Alibaba Group stock traded up $2.67 during trading hours on Thursday, hitting $125.90. The company's stock had a trading volume of 10,743,353 shares, compared to its average volume of 20,583,822. The company has a market capitalization of $300.63 billion, a PE ratio of 18.19, 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 stock has a 50 day moving average of $124.55 and a 200 day moving average of $105.81. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last posted 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 business had revenue of $38.38 billion for 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%. Analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

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.