Alibaba Group Holding Limited $BABA Shares Acquired by Jennison Associates LLC

Key Points

• Jennison Associates LLC raised its stake in Alibaba by 11.9% in Q4, buying 5,760 shares to hold 54,235 shares valued at about $7.95 million.
• Several large institutions also moved into Alibaba — notably Capital World Investors increased to 6,038,318 shares (~$1.08 billion) and firms like Coatue, Artisan, Trivest and Altimeter added sizable or new positions, with institutional ownership around 13.47%.
• Alibaba trades near $131.52 with a market cap of about $314.6 billion and a trailing PE of 24.8; analysts hold a consensus "Moderate Buy" rating and an average target price of $188.75.

Jennison Associates LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,235 shares of the specialty retailer's stock after purchasing an additional 5,760 shares during the period. Jennison Associates LLC's holdings in Alibaba Group were worth $7,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BABA. Capital World Investors lifted its stake in shares of Alibaba Group by 1,074.9% in the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer's stock valued at $1,079,229,000 after purchasing an additional 5,524,354 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $290,208,000. Trivest Advisors Ltd acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $202,126,000. Coatue Management LLC lifted its stake in shares of Alibaba Group by 130.1% in the 3rd quarter. Coatue Management LLC now owns 1,996,593 shares of the specialty retailer's stock valued at $356,851,000 after purchasing an additional 1,128,826 shares in the last quarter. Finally, Altimeter Capital Management LP acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $173,207,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Alibaba Group stock opened at $131.52 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.33. Alibaba Group Holding Limited has a one year low of $103.71 and a one year high of $192.67. The stock's 50 day moving average price is $133.05 and its 200 day moving average price is $151.25. The firm has a market capitalization of $314.55 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 2.39 and a beta of 0.50.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%.The company had revenue of $40.71 billion for the quarter. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 4.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Loop Capital set a $140.00 price target on Alibaba Group in a research report on Tuesday, January 6th. Arete Research raised Alibaba Group from a "neutral" rating to a "buy" rating and set a $190.00 price target on the stock in a research report on Wednesday, January 21st. Robert W. Baird reduced their price target on Alibaba Group from $174.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, March 20th. Freedom Capital raised Alibaba Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. reduced their price target on Alibaba Group from $215.00 to $205.00 and set an "overweight" rating on the stock in a research report on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average target price of $188.75.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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