Wilson Asset Management International PTY Ltd. Has $5.88 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Wilson Asset Management International PTY Ltd. increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 59.5% in the 4th quarter, Holdings Channel reports. The firm owned 69,355 shares of the specialty retailer’s stock after buying an additional 25,885 shares during the quarter. Alibaba Group comprises approximately 1.5% of Wilson Asset Management International PTY Ltd.’s investment portfolio, making the stock its 26th biggest position. Wilson Asset Management International PTY Ltd.’s holdings in Alibaba Group were worth $5,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Alibaba Group by 3,180.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after purchasing an additional 3,740,150 shares during the period. Hhlr Advisors LTD. lifted its position in Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after purchasing an additional 3,448,152 shares during the period. FMR LLC lifted its position in Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after purchasing an additional 2,959,954 shares during the period. Aspex Management HK Ltd bought a new position in Alibaba Group in the third quarter worth $115,995,000. Finally, Bank of Montreal Can bought a new position in Alibaba Group in the third quarter worth $63,929,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Price Performance

Shares of BABA stock opened at $139.21 on Wednesday. The stock has a 50-day moving average price of $107.51 and a 200 day moving average price of $97.63. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a market cap of $330.76 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.36.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion during 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%. Research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Ratings Changes

BABA has been the subject of several research reports. Benchmark raised their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $100.00 to $180.00 in a report on Monday, February 24th. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Finally, Barclays lifted their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.