Chiron Investment Management LLC Grows Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Chiron Investment Management LLC lifted its position in Alibaba Group Holding Limited (NYSE:BABA) by 40.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 36,420 shares of the specialty retailer’s stock after purchasing an additional 10,511 shares during the quarter. Chiron Investment Management LLC’s holdings in Alibaba Group were worth $3,088,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Causeway Capital Management LLC grew its holdings in shares of Alibaba Group by 7.2% during the 4th quarter. Causeway Capital Management LLC now owns 951,168 shares of the specialty retailer’s stock valued at $80,650,000 after purchasing an additional 63,851 shares during the last quarter. Harber Asset Management LLC grew its stake in shares of Alibaba Group by 10.3% during the fourth quarter. Harber Asset Management LLC now owns 228,732 shares of the specialty retailer’s stock valued at $19,394,000 after buying an additional 21,268 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Alibaba Group by 79.8% in the fourth quarter. Belpointe Asset Management LLC now owns 17,430 shares of the specialty retailer’s stock worth $1,453,000 after buying an additional 7,737 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of Alibaba Group by 19.4% in the 4th quarter. CreativeOne Wealth LLC now owns 5,832 shares of the specialty retailer’s stock valued at $495,000 after acquiring an additional 946 shares during the last quarter. Finally, Mariner LLC boosted its holdings in Alibaba Group by 9.9% during the 4th quarter. Mariner LLC now owns 77,046 shares of the specialty retailer’s stock valued at $6,533,000 after acquiring an additional 6,968 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird lifted their price target on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Benchmark lifted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Citigroup dropped their price target on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $150.36.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $107.89 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a 50 day simple moving average of $126.59 and a two-hundred day simple moving average of $104.64. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The company has a market capitalization of $256.26 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $38.19 billion. Analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Alibaba Group Company 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.