Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 57.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,546 shares of the specialty retailer’s stock after buying an additional 926 shares during the quarter. Larson Financial Group LLC’s holdings in Alibaba Group were worth $197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sanders Capital LLC increased its holdings in Alibaba Group by 322.7% in the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after buying an additional 11,473,618 shares during the period. Morgan Stanley increased its holdings in Alibaba Group by 13.8% in the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after buying an additional 1,406,491 shares during the period. Assenagon Asset Management S.A. increased its holdings in Alibaba Group by 461.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after buying an additional 3,464,723 shares during the period. American Century Companies Inc. grew its stake in shares of Alibaba Group by 65.6% during the 3rd quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock worth $304,318,000 after purchasing an additional 1,389,233 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Alibaba Group by 0.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,480,200 shares of the specialty retailer’s stock worth $215,133,000 after purchasing an additional 18,900 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Up 2.9 %

NYSE BABA opened at $74.63 on Thursday. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $102.50. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $73.14 and its 200-day simple moving average is $75.57. The firm has a market cap of $189.37 billion, a PE ratio of 13.77 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $260.26 billion. During the same quarter in the prior year, the firm earned $2.44 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on BABA. JPMorgan Chase & Co. dropped their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Morgan Stanley reiterated an “equal weight” rating and set a $85.00 target price on shares of Alibaba Group in a research report on Tuesday, April 9th. The Goldman Sachs Group decreased their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $112.91.

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.