Russell Investments Group Ltd. Has $36.92 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Russell Investments Group Ltd. grew its holdings in Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 25.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 461,585 shares of the specialty retailer’s stock after purchasing an additional 92,652 shares during the period. Russell Investments Group Ltd.’s holdings in Alibaba Group were worth $36,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Central Asset Investments & Management Holdings HK Ltd lifted its stake in Alibaba Group by 4.6% in the 3rd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 27,773 shares of the specialty retailer’s stock valued at $2,221,000 after purchasing an additional 1,223 shares during the last quarter. Lincoln National Corp lifted its stake in Alibaba Group by 4.3% in the 3rd quarter. Lincoln National Corp now owns 9,489 shares of the specialty retailer’s stock valued at $759,000 after purchasing an additional 389 shares during the last quarter. Maj Invest Holding A S acquired a new stake in Alibaba Group in the 3rd quarter valued at about $143,738,000. California First Leasing Corp acquired a new stake in Alibaba Group in the 3rd quarter valued at about $392,000. Finally, Bogart Wealth LLC lifted its stake in Alibaba Group by 61.7% in the 3rd quarter. Bogart Wealth LLC now owns 1,575 shares of the specialty retailer’s stock valued at $126,000 after purchasing an additional 601 shares during the last quarter. 13.86% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

NYSE BABA opened at $119.44 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $316.29 billion, a price-to-earnings ratio of 298.61, a P/E/G ratio of 1.60 and a beta of 0.59. The firm’s 50 day simple moving average is $94.21 and its 200 day simple moving average is $88.80. Alibaba Group Holding Limited has a 1 year low of $58.01 and a 1 year high of $129.40.

Alibaba Group (NYSE:BABAGet Rating) last posted its quarterly earnings results on Thursday, November 17th. The specialty retailer reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.13. The business had revenue of $29.12 billion for the quarter, compared to analyst estimates of $31.07 billion. Alibaba Group had a net margin of 0.88% and a return on equity of 10.61%. As a group, research analysts expect that Alibaba Group Holding Limited will post 5.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BABA shares. StockNews.com started coverage on shares of Alibaba Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Citigroup increased their price target on shares of Alibaba Group from $144.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, January 10th. Morgan Stanley increased their price target on shares of Alibaba Group from $100.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, January 9th. The Goldman Sachs Group raised shares of Alibaba Group from a “buy” rating to a “conviction-buy” rating in a report on Sunday, January 8th. Finally, Mizuho lowered their price target on shares of Alibaba Group from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, November 18th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $144.80.

Alibaba Group Profile

(Get Rating)

Alibaba Group Holding Ltd. engages in providing technology infrastructure and marketing reach. It operates through the following business segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.

Featured Stories

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAGet Rating).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.