Rossmore Private Capital purchased a new position in Alibaba Group Holding Ltd (NYSE:BABA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,134 shares of the specialty retailer’s stock, valued at approximately $221,000.

Several other hedge funds have also bought and sold shares of BABA. Baillie Gifford & Co. increased its position in Alibaba Group by 4.2% during the fourth quarter. Baillie Gifford & Co. now owns 51,700,537 shares of the specialty retailer’s stock valued at $10,965,684,000 after acquiring an additional 2,069,139 shares during the last quarter. State Street Corp increased its position in Alibaba Group by 18.7% during the fourth quarter. State Street Corp now owns 35,607,263 shares of the specialty retailer’s stock valued at $12,969,965,000 after acquiring an additional 5,605,966 shares during the last quarter. Capital Research Global Investors grew its holdings in Alibaba Group by 3.9% during the fourth quarter. Capital Research Global Investors now owns 28,287,902 shares of the specialty retailer’s stock valued at $5,999,869,000 after purchasing an additional 1,049,252 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Alibaba Group by 12.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 26,753,779 shares of the specialty retailer’s stock valued at $5,674,477,000 after purchasing an additional 2,941,744 shares during the period. Finally, Norges Bank bought a new stake in Alibaba Group during the fourth quarter valued at about $5,093,652,000. Hedge funds and other institutional investors own 48.43% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $275.00 price objective (up previously from $220.00) on shares of Alibaba Group in a research note on Friday, February 14th. They noted that the move was a valuation call. Mizuho upped their price objective on Alibaba Group from $225.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Robert W. Baird reissued a “buy” rating and set a $230.00 price target on shares of Alibaba Group in a research note on Tuesday, April 14th. CLSA reissued a “buy” rating and set a $270.00 price target on shares of Alibaba Group in a research note on Tuesday, April 14th. Finally, DZ Bank began coverage on Alibaba Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $260.00 price target for the company. Two research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $243.55.

Shares of Alibaba Group stock traded up $2.38 during trading on Friday, reaching $203.68. The company’s stock had a trading volume of 17,163,434 shares, compared to its average volume of 17,301,574. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.14. The company has a market cap of $518.24 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.12 and a beta of 1.60. Alibaba Group Holding Ltd has a 1-year low of $147.95 and a 1-year high of $231.14. The company has a 50-day simple moving average of $198.76 and a two-hundred day simple moving average of $202.51.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 13th. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.41. The company had revenue of $161.46 billion during the quarter, compared to analyst estimates of $156 billion. Alibaba Group had a return on equity of 15.82% and a net margin of 34.90%. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter last year, the business posted $12.19 EPS. As a group, analysts anticipate that Alibaba Group Holding Ltd will post 5.88 earnings per share for the current year.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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