Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,653 shares of the specialty retailer’s stock after acquiring an additional 327 shares during the quarter. Western Wealth Management LLC’s holdings in Alibaba Group were worth $206,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BABA. Sanders Capital LLC raised its holdings in Alibaba Group by 322.7% in the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after acquiring an additional 11,473,618 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Alibaba Group by 461.2% during the third quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after purchasing an additional 3,464,723 shares in the last quarter. Blue Pool Management Ltd. acquired a new stake in Alibaba Group during the fourth quarter worth approximately $151,726,000. Morgan Stanley raised its holdings in Alibaba Group by 13.8% during the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after purchasing an additional 1,406,491 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Alibaba Group by 65.6% during the third quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock worth $304,318,000 after purchasing an additional 1,389,233 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Up 2.3 %

Shares of Alibaba Group stock opened at $70.68 on Tuesday. The company has a market cap of $179.35 billion, a P/E ratio of 13.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The firm has a fifty day moving average of $73.09 and a two-hundred day moving average of $75.67.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. During the same period last year, the company earned $2.44 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts forecast that Alibaba Group Holding Limited will post 7.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BABA shares. Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $88.50 to $85.40 in a report on Thursday, February 8th. Citigroup cut their price objective on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a report on Tuesday, April 9th. Finally, Susquehanna reduced their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group 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.