Iron Financial LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2.2% in the fourth quarter, Holdings Channel reports. The firm owned 3,631 shares of the specialty retailer’s stock after purchasing an additional 77 shares during the quarter. Alibaba Group comprises about 0.4% of Iron Financial LLC’s holdings, making the stock its 29th biggest position. Iron Financial LLC’s holdings in Alibaba Group were worth $845,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC grew its position in Alibaba Group by 22.7% in the second quarter. FMR LLC now owns 29,139,029 shares of the specialty retailer’s stock valued at $6,285,287,000 after purchasing an additional 5,388,891 shares in the last quarter. Morgan Stanley grew its position in shares of Alibaba Group by 7.5% in the 3rd quarter. Morgan Stanley now owns 20,418,211 shares of the specialty retailer’s stock valued at $6,002,544,000 after acquiring an additional 1,431,788 shares during the period. Ninety One UK Ltd grew its position in shares of Alibaba Group by 4.2% in the 2nd quarter. Ninety One UK Ltd now owns 8,127,139 shares of the specialty retailer’s stock valued at $1,753,024,000 after acquiring an additional 328,388 shares during the period. Sands Capital Management LLC grew its position in shares of Alibaba Group by 10.0% in the 3rd quarter. Sands Capital Management LLC now owns 7,636,335 shares of the specialty retailer’s stock valued at $2,244,930,000 after acquiring an additional 696,828 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Alibaba Group by 9.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,777,406 shares of the specialty retailer’s stock valued at $1,246,186,000 after acquiring an additional 492,875 shares during the period. 40.38% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on BABA shares. Benchmark lifted their price objective on shares of Alibaba Group from $290.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Stifel Nicolaus reissued a “buy” rating and issued a $330.00 price objective on shares of Alibaba Group in a research report on Tuesday, October 27th. KeyCorp raised their target price on shares of Alibaba Group from $330.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Barclays raised their target price on shares of Alibaba Group from $360.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, November 9th. Finally, Robert W. Baird raised their target price on shares of Alibaba Group from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 30th. Three research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $317.39.

Shares of NYSE:BABA traded up $9.70 during midday trading on Wednesday, hitting $235.30. The stock had a trading volume of 38,695,309 shares, compared to its average volume of 32,861,164. The company’s 50-day moving average price is $251.33 and its 200-day moving average price is $266.65. The company has a market capitalization of $636.64 billion, a P/E ratio of 34.34, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a fifty-two week low of $169.95 and a fifty-two week high of $319.32.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, November 5th. The specialty retailer reported $17.97 EPS for the quarter, beating the consensus estimate of $1.69 by $16.28. The company had revenue of $155.06 billion during the quarter, compared to analysts’ expectations of $155 billion. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the previous year, the company earned $13.10 EPS. Research analysts expect that Alibaba Group Holding Limited will post 7.88 EPS for the current fiscal year.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through 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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