Victory Capital Management Inc. Acquires Shares of 12,537 Alibaba Group Holding Limited (NYSE:BABA)

Victory Capital Management Inc. acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 12,537 shares of the specialty retailer’s stock, valued at approximately $1,063,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BABA. Sanders Capital LLC boosted its holdings in shares of Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock valued at $1,959,021,000 after acquiring an additional 60,667 shares during the last quarter. Hhlr Advisors LTD. boosted its holdings in shares of Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after acquiring an additional 3,448,152 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Alibaba Group by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock valued at $431,906,000 after acquiring an additional 78,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Alibaba Group by 3,180.1% during the 3rd 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. Finally, FMR LLC boosted its holdings 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 valued at $383,260,000 after acquiring an additional 2,959,954 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on BABA shares. Benchmark raised their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 21st. Citigroup raised their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Robert W. Baird raised their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Trading Up 0.4 %

Shares of BABA opened at $143.29 on Thursday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average is $114.33 and its two-hundred day moving average is $100.04. The stock has a market cap of $340.44 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27.

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

About Alibaba Group

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.