NN Investment Partners Holdings N.V. Raises Position in Alibaba Group Holding Limited (NYSE:BABA)


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NN Investment Partners Holdings N.V. boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 16.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 599,504 shares of the specialty retailer’s stock after buying an additional 85,700 shares during the quarter. Alibaba Group makes up approximately 0.8% of NN Investment Partners Holdings N.V.’s portfolio, making the stock its 29th largest holding. NN Investment Partners Holdings N.V.’s holdings in Alibaba Group were worth $135,927,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. lifted its stake in Alibaba Group by 62.9% in the 4th quarter. Meeder Asset Management Inc. now owns 114 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 44 shares in the last quarter. Inspire Advisors LLC purchased a new position in Alibaba Group in the 4th quarter worth approximately $27,000. Planned Solutions Inc. lifted its stake in Alibaba Group by 66.7% in the 4th quarter. Planned Solutions Inc. now owns 125 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 50 shares in the last quarter. ForthRight Wealth Management LLC purchased a new position in Alibaba Group in the 4th quarter worth approximately $31,000. Finally, San Francisco Sentry Investment Group CA lifted its stake in Alibaba Group by 50.0% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 150 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 50 shares in the last quarter. 40.38% of the stock is currently owned by hedge funds and other institutional investors.

BABA traded down $4.68 on Tuesday, reaching $226.03. The company had a trading volume of 326,771 shares, compared to its average volume of 18,243,916. Alibaba Group Holding Limited has a 1 year low of $189.53 and a 1 year high of $319.32. The stock has a market capitalization of $611.56 billion, a PE ratio of 33.10, a P/E/G ratio of 1.59 and a beta of 0.99. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $231.68 and a 200-day moving average price of $254.16.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Monday, February 1st. The specialty retailer reported $22.03 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $19.25. The company had revenue of $221.08 billion for the quarter, compared to analyst estimates of $214.39 billion. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. Alibaba Group’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the previous year, the business posted $18.19 earnings per share. As a group, analysts expect that Alibaba Group Holding Limited will post 7.84 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on BABA shares. Benchmark cut their price target on shares of Alibaba Group from $315.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, April 15th. Nomura restated a “buy” rating and set a $338.00 price target on shares of Alibaba Group in a report on Thursday, January 14th. Sanford C. Bernstein started coverage on shares of Alibaba Group in a report on Monday, January 25th. They set a “market perform” rating for the company. Citigroup cut their price target on shares of Alibaba Group from $345.00 to $338.00 in a report on Friday, April 9th. Finally, Morgan Stanley dropped their target price on shares of Alibaba Group from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, April 15th. Three investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $319.73.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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