Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 20,082 shares of the specialty retailer’s stock after buying an additional 760 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Alibaba Group were worth $1,557,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Sanders Capital LLC raised its stake in Alibaba Group by 322.7% during the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after purchasing an additional 11,473,618 shares during the period. Assenagon Asset Management S.A. raised its stake in Alibaba Group by 461.2% during the third quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after purchasing an additional 3,464,723 shares during the period. Blue Pool Management Ltd. purchased a new position in Alibaba Group during the fourth quarter worth approximately $151,726,000. Morgan Stanley raised its stake in Alibaba Group by 13.8% during the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after purchasing an additional 1,406,491 shares during the period. Finally, American Century Companies Inc. raised its stake in Alibaba Group by 65.6% during the third quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock worth $304,318,000 after purchasing an additional 1,389,233 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on BABA. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Morgan Stanley reissued an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a research note on Tuesday, April 9th. Mizuho reissued a “buy” rating and issued a $95.00 target price on shares of Alibaba Group in a research note on Wednesday, March 27th. Susquehanna cut their target price on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group cut their target price on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Stock Performance

Alibaba Group stock opened at $75.11 on Friday. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The company has a market capitalization of $190.59 billion, a price-to-earnings ratio of 13.86 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The firm’s fifty day moving average price is $73.16 and its 200 day moving average price is $75.56.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. Alibaba Group’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.44 earnings per share. On average, research analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal 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.