Rhumbline Advisers Acquires 154 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Rhumbline Advisers raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,246 shares of the specialty retailer’s stock after purchasing an additional 154 shares during the quarter. Rhumbline Advisers’ holdings in Alibaba Group were worth $1,886,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BABA. Benchmark increased their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Citigroup raised their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, Barclays boosted their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $144.07.

Alibaba Group Stock Down 1.3 %

NYSE BABA opened at $130.82 on Tuesday. The company has a market cap of $310.82 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.61 and a beta of 0.31. The business has a fifty day moving average price of $101.27 and a 200 day moving average price of $95.35. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group (NYSE:BABA) last issued its earnings results 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS 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.