Monaco Asset Management SAM Boosts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Monaco Asset Management SAM raised its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,180 shares of the specialty retailer's stock after acquiring an additional 19,680 shares during the period. Alibaba Group comprises approximately 1.8% of Monaco Asset Management SAM's holdings, making the stock its 12th largest holding. Monaco Asset Management SAM's holdings in Alibaba Group were worth $6,060,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Savant Capital LLC raised its position in Alibaba Group by 2.7% in the 3rd quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer's stock worth $413,000 after purchasing an additional 127 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in shares of Alibaba Group by 2.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer's stock valued at $584,000 after acquiring an additional 136 shares during the period. Clearstead Advisors LLC boosted its position in shares of Alibaba Group by 32.9% during the third quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 142 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Alibaba Group by 2.5% in the fourth quarter. Hexagon Capital Partners LLC now owns 6,664 shares of the specialty retailer's stock worth $517,000 after acquiring an additional 164 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its stake in Alibaba Group by 3.2% in the third quarter. 180 Wealth Advisors LLC now owns 5,458 shares of the specialty retailer's stock valued at $473,000 after buying an additional 168 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BABA shares. Morgan Stanley reiterated an "equal weight" rating and set a $85.00 price objective on shares of Alibaba Group in a report on Tuesday, April 9th. Benchmark reiterated a "buy" rating and set a $118.00 target price on shares of Alibaba Group in a report on Wednesday, April 10th. Barclays decreased their price target on Alibaba Group from $138.00 to $109.00 and set an "overweight" rating for the company in a research note on Friday, January 12th. Truist Financial cut their price objective on Alibaba Group from $114.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Citigroup dropped their price target on shares of Alibaba Group from $126.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $112.49.

Alibaba Group Stock Performance

NYSE BABA traded up $0.58 during trading on Friday, reaching $80.04. The company's stock had a trading volume of 10,819,572 shares, compared to its average volume of 14,989,342. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $102.50. The firm has a 50 day moving average price of $73.90 and a 200 day moving average price of $75.16. The firm has a market capitalization of $203.10 billion, a price-to-earnings ratio of 14.77 and a beta of 0.44. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts' consensus estimates of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. During the same quarter in the previous year, the company posted $2.44 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.42 EPS for the current fiscal year.

Alibaba Group 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.