Segall Bryant & Hamill LLC Boosts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Segall Bryant & Hamill LLC boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 113.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 43,000 shares of the specialty retailer’s stock after buying an additional 22,900 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Alibaba Group were worth $3,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of BABA. Taikang Asset Management Hong Kong Co Ltd boosted its holdings in shares of Alibaba Group by 8.3% in the fourth quarter. Taikang Asset Management Hong Kong Co Ltd now owns 130,000 shares of the specialty retailer’s stock valued at $11,023,000 after acquiring an additional 10,000 shares during the period. Riposte Capital LLC acquired a new stake in Alibaba Group during the 4th quarter worth $2,120,000. Congress Wealth Management LLC DE increased its stake in Alibaba Group by 2.3% in the fourth quarter. Congress Wealth Management LLC DE now owns 6,325 shares of the specialty retailer’s stock valued at $536,000 after purchasing an additional 141 shares during the period. Cedar Wealth Management LLC raised its holdings in shares of Alibaba Group by 21.1% in the fourth quarter. Cedar Wealth Management LLC now owns 9,655 shares of the specialty retailer’s stock valued at $819,000 after buying an additional 1,682 shares during the last quarter. Finally, Mosley Wealth Management boosted its stake in shares of Alibaba Group by 9.3% during the fourth quarter. Mosley Wealth Management now owns 5,499 shares of the specialty retailer’s stock worth $466,000 after buying an additional 466 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BABA shares. StockNews.com cut Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird upped 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. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Citigroup boosted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Benchmark raised 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. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Buy” and an average price target of $144.07.

Alibaba Group Trading Up 2.6 %

Shares of BABA opened at $135.69 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43. The stock has a market cap of $322.39 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The firm has a 50 day simple moving average of $120.65 and a 200-day simple moving average of $102.09.

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

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.