Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Increased by Cwm LLC

Cwm LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,269 shares of the specialty retailer’s stock after purchasing an additional 696 shares during the period. Cwm LLC’s holdings in Alibaba Group were worth $641,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sanders Capital LLC boosted its stake in shares of Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after acquiring an additional 11,473,618 shares in the last quarter. Morgan Stanley increased its stake in Alibaba Group by 13.8% in the 3rd 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 in the last quarter. Assenagon Asset Management S.A. raised its holdings in Alibaba Group by 461.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after buying an additional 3,464,723 shares during the period. American Century Companies Inc. lifted 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 valued at $304,318,000 after buying an additional 1,389,233 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Alibaba Group by 0.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,480,200 shares of the specialty retailer’s stock worth $215,133,000 after buying an additional 18,900 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

BABA stock opened at $76.40 on Tuesday. The company has a market capitalization of $193.87 billion, a price-to-earnings ratio of 14.10 and a beta of 0.46. The firm has a 50 day moving average of $73.24 and a two-hundred day moving average of $75.27. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $102.50.

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

Analyst Ratings Changes

BABA has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Macquarie downgraded Alibaba Group from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $88.50 to $85.40 in a report on Thursday, February 8th. Morgan Stanley reissued an “equal weight” rating and issued a $85.00 price objective on shares of Alibaba Group in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lowered their target price on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $112.91.

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.