Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 96.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,748 shares of the specialty retailer’s stock after acquiring an additional 84,604 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alibaba Group were worth $14,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the fourth quarter worth $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group in the 4th quarter worth about $32,000. Assetmark Inc. raised its holdings in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the period. Kieckhefer Group LLC purchased a new stake in Alibaba Group during the fourth quarter valued at about $55,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Alibaba Group in the fourth quarter worth about $60,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 1.5 %

Shares of Alibaba Group stock opened at $136.99 on Thursday. The company has a market cap of $325.48 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.36. The company’s fifty day simple moving average is $108.56 and its 200-day simple moving average is $97.90. 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 (NYSE:BABA) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of research analyst reports. Benchmark lifted their price target on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 21st. Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Robert W. Baird increased their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $144.07.

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.