Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,507,591 shares of the specialty retailer’s stock after purchasing an additional 72,140 shares during the quarter. American Century Companies Inc. owned 0.06% of Alibaba Group worth $127,829,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BABA. Lindbrook Capital LLC raised its stake in shares of Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after buying an additional 101 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock valued at $266,000 after acquiring an additional 108 shares in the last quarter. TRUE Private Wealth Advisors raised its position in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 112 shares during the last quarter. TBH Global Asset Management LLC lifted its holdings in shares of Alibaba Group by 2.4% in the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after purchasing an additional 112 shares in the last quarter. Finally, Xponance Inc. grew its position in shares of Alibaba Group by 4.5% in the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer’s stock valued at $230,000 after purchasing an additional 116 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

BABA stock opened at $135.16 on Monday. The stock has a 50-day moving average price of $116.49 and a two-hundred day moving average price of $100.91. The company has a market cap of $321.14 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43.

Alibaba Group (NYSE:BABA) last posted its earnings results 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). The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. upped their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Barclays lifted their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Finally, Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $144.07.

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.