Nan Shan Life Insurance Co. Ltd. boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 36.0% in the fourth quarter, HoldingsChannel reports. The firm owned 68,000 shares of the specialty retailer’s stock after purchasing an additional 18,000 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in Alibaba Group were worth $15,826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BABA. Frisch Financial Group Inc. raised its stake in shares of Alibaba Group by 1.0% in the 3rd quarter. Frisch Financial Group Inc. now owns 3,862 shares of the specialty retailer’s stock valued at $1,135,000 after purchasing an additional 40 shares in the last quarter. Rowland Carmichael Advisors Inc. ADV raised its stake in Alibaba Group by 1.2% during the third quarter. Rowland Carmichael Advisors Inc. ADV now owns 3,536 shares of the specialty retailer’s stock valued at $1,040,000 after buying an additional 41 shares in the last quarter. Hendershot Investments Inc. grew its position in shares of Alibaba Group by 2.9% in the 4th quarter. Hendershot Investments Inc. now owns 1,435 shares of the specialty retailer’s stock worth $334,000 after acquiring an additional 41 shares in the last quarter. Prio Wealth Limited Partnership increased its holdings in shares of Alibaba Group by 1.6% in the 4th quarter. Prio Wealth Limited Partnership now owns 2,599 shares of the specialty retailer’s stock valued at $605,000 after acquiring an additional 41 shares during the last quarter. Finally, Wade G W & Inc. raised its position in shares of Alibaba Group by 2.1% during the 3rd quarter. Wade G W & Inc. now owns 2,139 shares of the specialty retailer’s stock valued at $629,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 40.38% of the company’s stock.

BABA has been the subject of several recent research reports. Truist boosted their target price on shares of Alibaba Group from $308.00 to $326.00 in a research note on Friday, January 22nd. Oppenheimer boosted their price objective on shares of Alibaba Group from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Monday, October 26th. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating and set a $280.00 target price for the company. in a research note on Thursday, November 12th. Macquarie increased their price target on Alibaba Group from $387.00 to $395.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 3rd. Finally, Nomura restated a “buy” rating and set a $338.00 price objective on shares of Alibaba Group in a research note on Thursday, January 14th. Three analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Alibaba Group has an average rating of “Buy” and a consensus price target of $321.55.

Shares of NYSE BABA traded down $6.69 during mid-day trading on Tuesday, reaching $247.31. 470,395 shares of the company traded hands, compared to its average volume of 21,523,230. Alibaba Group Holding Limited has a fifty-two week low of $169.95 and a fifty-two week high of $319.32. The firm has a market cap of $669.13 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The stock has a fifty day simple moving average of $254.14 and a 200-day simple moving average of $269.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.99 and a quick ratio of 1.99.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Monday, February 1st. The specialty retailer reported $22.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $19.25. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The firm had revenue of $221.08 billion during the quarter, compared to analyst estimates of $214.39 billion. During the same period last year, the company posted $18.19 EPS. The firm’s quarterly revenue was up 36.9% on a year-over-year basis. As a group, analysts predict that Alibaba Group Holding Limited will post 7.84 EPS for the current fiscal year.

Alibaba Group Company Profile

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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