Artemis Investment Management LLP Grows Position in Alibaba Group Holding Limited $BABA

Key Points

• Artemis Investment Management LLP boosted its stake in Alibaba by 28.9% in Q4, acquiring 80,350 shares to hold 358,551 shares valued at $52.556 million.
• Other large investors also ramped up exposure — notably Capital World Investors increased its position by 1,074.9% to 6,038,318 shares (≈$1.079 billion), and hedge funds/institutional investors collectively own about 13.47% of Alibaba.
• Wall Street consensus rates Alibaba as a Moderate Buy with a consensus target of $188.75; the stock opened at $131.52 and trades in a 12‑month range of $103.71–$192.67.

Artemis Investment Management LLP boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 358,551 shares of the specialty retailer's stock after acquiring an additional 80,350 shares during the quarter. Artemis Investment Management LLP's holdings in Alibaba Group were worth $52,556,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Capital World Investors grew its holdings in Alibaba Group by 1,074.9% in the third 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 during the last quarter. Fisher Asset Management LLC grew its holdings in Alibaba Group by 0.5% in the third quarter. Fisher Asset Management LLC now owns 5,293,597 shares of the specialty retailer's stock valued at $946,125,000 after purchasing an additional 26,156 shares during the last quarter. American Century Companies Inc. grew its holdings in Alibaba Group by 17.7% in the third quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer's stock valued at $533,964,000 after purchasing an additional 448,484 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Alibaba Group by 8.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,028,659 shares of the specialty retailer's stock valued at $362,582,000 after purchasing an additional 166,134 shares during the last quarter. Finally, Coatue Management LLC grew its holdings in Alibaba Group by 130.1% in the third 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 during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

BABA has been the topic of several research reports. Susquehanna lowered their target price on Alibaba Group from $190.00 to $170.00 and set a "positive" rating on the stock in a report on Thursday, March 26th. Morgan Stanley lowered their target price on Alibaba Group from $200.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, January 8th. Erste Group Bank lowered Alibaba Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. lowered their target price on Alibaba Group from $215.00 to $205.00 and set an "overweight" rating on the stock in a report on Friday, March 20th. Finally, Nomura upped their target price on Alibaba Group from $193.00 to $237.00 and gave the company a "buy" rating in a report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $188.75.

Alibaba Group Stock Performance

Alibaba Group stock opened at $131.52 on Friday. The stock's 50-day moving average is $133.05 and its 200-day moving average is $151.35. The company has a market cap of $314.55 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 2.39 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. Alibaba Group Holding Limited has a 12 month low of $103.71 and a 12 month high of $192.67.

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

Alibaba Group Profile

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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