Bleakley Financial Group LLC Acquires 10,240 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Bleakley Financial Group LLC increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 169.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,283 shares of the specialty retailer’s stock after purchasing an additional 10,240 shares during the quarter. Bleakley Financial Group LLC’s holdings in Alibaba Group were worth $1,262,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Sanders Capital LLC grew 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 grew its stake in shares of Alibaba Group by 1.1% during the 4th quarter. Morgan Stanley now owns 12,815,514 shares of the specialty retailer’s stock worth $1,128,919,000 after acquiring an additional 142,563 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of 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 acquiring an additional 3,464,723 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Alibaba Group by 108,264.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,711,488 shares of the specialty retailer’s stock worth $326,945,000 after acquiring an additional 3,708,063 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Alibaba Group by 65.6% during the 3rd quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock worth $304,318,000 after acquiring an additional 1,389,233 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Trading Up 0.3 %

Shares of Alibaba Group stock opened at $74.85 on Friday. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50. 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 company has a market capitalization of $189.93 billion, a price-to-earnings ratio of 13.81 and a beta of 0.46. The business has a fifty day simple moving average of $73.60 and a two-hundred day simple moving average of $76.57.

Alibaba Group (NYSE:BABA) last posted 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 return on equity of 12.65% and a net margin of 10.75%. The firm had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. During the same period in the prior year, the business posted $2.44 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts forecast that Alibaba Group Holding Limited will post 7.97 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on BABA. Robert W. Baird decreased their price target on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $85.00 price target on shares of Alibaba Group in a research note on Tuesday. 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. Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $88.50 to $85.40 in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group decreased their target price 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. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.91.

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.