6,519 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by Private Wealth Partners LLC

Private Wealth Partners LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,519 shares of the specialty retailer’s stock, valued at approximately $505,000.

A number of other large investors also recently added to or reduced their stakes in BABA. Sanders Capital LLC raised its position in Alibaba Group by 322.7% during the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after acquiring an additional 11,473,618 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Alibaba Group by 461.2% in the third quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock valued at $365,686,000 after buying an additional 3,464,723 shares during the last quarter. Blue Pool Management Ltd. acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $151,726,000. Morgan Stanley raised its position in shares of Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after buying an additional 1,406,491 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Alibaba Group by 65.6% in the third quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock valued at $304,318,000 after buying an additional 1,389,233 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Up 0.6 %

BABA stock traded up $0.44 during mid-day trading on Friday, hitting $75.55. 14,216,073 shares of the company were exchanged, compared to its average volume of 13,622,653. The business has a fifty day simple moving average of $73.19 and a 200-day simple moving average of $75.42. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The firm has a market capitalization of $191.71 billion, a P/E ratio of 13.94 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. During the same period in the previous year, the business posted $2.44 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on BABA. The Goldman Sachs Group reduced their target price on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Robert W. Baird reduced their target price on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Citigroup cut their price objective on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $88.50 to $85.40 in a research report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group 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.