Jennison Associates LLC Purchases 12,530 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Jennison Associates LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,341 shares of the specialty retailer’s stock after purchasing an additional 12,530 shares during the period. Jennison Associates LLC’s holdings in Alibaba Group were worth $9,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanders Capital LLC increased its holdings in Alibaba Group by 322.7% in the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after acquiring an additional 11,473,618 shares during the last quarter. Morgan Stanley grew its stake in shares of Alibaba Group by 13.8% in the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after buying an additional 1,406,491 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Alibaba Group by 461.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after buying an additional 3,464,723 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Alibaba Group by 65.6% in the 3rd quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock worth $304,318,000 after buying an additional 1,389,233 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Alibaba Group by 0.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,480,200 shares of the specialty retailer’s stock worth $215,133,000 after buying an additional 18,900 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Trading Up 0.6 %

NYSE:BABA opened at $75.55 on Friday. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $191.70 billion, a P/E ratio of 13.94 and a beta of 0.46. The firm has a 50-day simple moving average of $73.19 and a 200-day simple moving average of $75.50.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BABA. The Goldman Sachs Group dropped their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $85.00 price target on shares of Alibaba Group in a research note on Tuesday, April 9th. Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $88.50 to $85.40 in a research note on Thursday, February 8th. Robert W. Baird dropped their price target on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Finally, Mizuho reaffirmed a “buy” rating and set a $95.00 price target on shares of Alibaba Group in a research note on Wednesday, March 27th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.