US Bancorp DE Boosts Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

US Bancorp DE boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 47.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,018 shares of the specialty retailer’s stock after buying an additional 14,752 shares during the period. US Bancorp DE’s holdings in Alibaba Group were worth $3,902,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Sanders Capital LLC increased its stake in Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after buying an additional 60,667 shares in 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 worth $936,785,000 after purchasing 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 worth $431,906,000 after purchasing 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 worth $409,385,000 after purchasing 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 worth $383,260,000 after purchasing an additional 2,959,954 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 8.7 %

NYSE:BABA opened at $141.19 on Thursday. 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 stock’s fifty day moving average is $103.27 and its two-hundred day moving average is $96.00. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.30. The stock has a market capitalization of $335.45 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31.

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

Analyst Ratings Changes

BABA has been the topic of several recent research reports. Benchmark boosted their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $100.00 to $180.00 in a report on Monday, February 24th. Finally, Mizuho upped their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target 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.