Independent Advisor Alliance Buys 1,284 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Independent Advisor Alliance raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 17.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,522 shares of the specialty retailer’s stock after buying an additional 1,284 shares during the period. Independent Advisor Alliance’s holdings in Alibaba Group were worth $723,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alibaba Group by 3,180.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after acquiring an additional 3,740,150 shares during the last quarter. Hhlr Advisors LTD. boosted its stake in shares of Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after purchasing an additional 3,448,152 shares during the last quarter. FMR LLC grew its position in shares of Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after buying an additional 2,959,954 shares during the period. Aspex Management HK Ltd bought a new stake in shares of Alibaba Group during the third quarter worth approximately $115,995,000. Finally, Bank of Montreal Can acquired a new position in Alibaba Group in the third quarter valued at approximately $63,929,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Up 1.9 %

BABA opened at $140.99 on Monday. The firm’s fifty day simple moving average is $110.73 and its 200 day simple moving average is $98.85. The stock has a market capitalization of $334.99 billion, a P/E ratio of 20.37, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.36.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Arete Research raised Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, Benchmark increased their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Company 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.