Todd Asset Management LLC Increases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Todd Asset Management LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 309,235 shares of the specialty retailer’s stock after purchasing an additional 14,955 shares during the quarter. Todd Asset Management LLC’s holdings in Alibaba Group were worth $26,220,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. TRUE Private Wealth Advisors grew its holdings in shares of Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 112 shares during the period. TBH Global Asset Management LLC lifted its holdings in shares of Alibaba Group by 2.4% in the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after acquiring an additional 112 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Alibaba Group by 6.0% in the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after buying an additional 121 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Alibaba Group by 3.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock valued at $329,000 after acquiring an additional 124 shares during the period. Finally, Sivia Capital Partners LLC increased its stake in Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of analyst reports. Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday. 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 report on Friday. Morgan Stanley upgraded shares of 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 research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Citigroup increased their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average target price of $138.36.

Alibaba Group Stock Performance

NYSE BABA opened at $128.87 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $96.29 and its two-hundred day moving average is $93.43. The stock has a market capitalization of $306.18 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 0.61 and a beta of 0.31. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.30.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) 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 business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Alibaba Group 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.