Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by World Investment Advisors

World Investment Advisors boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,660 shares of the specialty retailer’s stock after acquiring an additional 408 shares during the period. World Investment Advisors’ holdings in Alibaba Group were worth $904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its holdings in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 101 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after buying an additional 108 shares in the last quarter. TBH Global Asset Management LLC lifted its holdings in shares of Alibaba Group by 2.4% in the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after buying an additional 112 shares during the period. Xponance Inc. boosted its stake in shares of Alibaba Group by 4.5% in the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer’s stock valued at $230,000 after buying an additional 116 shares in the last quarter. Finally, Ashton Thomas Securities LLC raised its position in Alibaba Group by 4.0% in the fourth quarter. Ashton Thomas Securities LLC now owns 3,193 shares of the specialty retailer’s stock worth $271,000 after acquiring an additional 122 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

BABA opened at $116.56 on Monday. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company’s 50 day simple moving average is $125.77 and its 200 day simple moving average is $104.24. The stock has a market capitalization of $276.85 billion, a PE ratio of 16.84, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BABA shares. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays increased their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their price target on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Mizuho raised their price target on Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, March 28th. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $148.14.

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.