Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Gemsstock Ltd.

Gemsstock Ltd. increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 12.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 177,900 shares of the specialty retailer’s stock after buying an additional 20,100 shares during the quarter. Alibaba Group comprises 3.0% of Gemsstock Ltd.’s investment portfolio, making the stock its 9th biggest holding. Gemsstock Ltd.’s holdings in Alibaba Group were worth $15,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Appaloosa LP grew its stake in shares of Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares during the period. Norges Bank purchased a new position in Alibaba Group in the fourth quarter valued at about $585,479,000. Fisher Asset Management LLC lifted its position in shares of Alibaba Group by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock valued at $431,906,000 after acquiring an additional 78,757 shares during the period. North of South Capital LLP raised its holdings in Alibaba Group by 17.9% during the fourth quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer’s stock worth $167,525,000 after purchasing an additional 300,432 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Alibaba Group by 5.0% during the fourth quarter. American Century Companies Inc. now owns 1,507,591 shares of the specialty retailer’s stock worth $127,829,000 after purchasing an additional 72,140 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup lifted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Bank of America increased their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. 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. Robert W. Baird upped their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, Mizuho lifted their price target on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, March 28th. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $148.14.

Alibaba Group Stock Performance

NYSE BABA opened at $116.56 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 firm has a market capitalization of $276.85 billion, a P/E ratio of 16.84, a P/E/G ratio of 0.61 and a beta of 0.24. The business’s 50-day simple moving average is $125.77 and its 200-day simple moving average is $104.10.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Equities analysts predict 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.