Cibc World Market Inc. Has $42.51 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Cibc World Market Inc. raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 501,376 shares of the specialty retailer’s stock after purchasing an additional 51,211 shares during the period. Cibc World Market Inc.’s holdings in Alibaba Group were worth $42,512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BABA. Foundations Investment Advisors LLC boosted its position in Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after purchasing an additional 27,088 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after acquiring an additional 42,446 shares during the period. Generate Investment Management Ltd purchased a new position in shares of Alibaba Group in the third quarter worth about $12,656,000. Nations Financial Group Inc. IA ADV raised its position in shares of Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after purchasing an additional 11,192 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in shares of Alibaba Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after acquiring an additional 50,000 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays cut their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Finally, Robert W. Baird boosted their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group Trading Up 6.2 %

Shares of NYSE BABA opened at $102.76 on Friday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The company has a market cap of $244.75 billion, a PE ratio of 20.84, a P/E/G ratio of 0.37 and a beta of 0.30. The firm’s 50 day moving average price is $85.93 and its 200-day moving average price is $88.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 earnings per share. On average, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 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.