Calamos Advisors LLC Increases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Calamos Advisors LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,637 shares of the specialty retailer’s stock after purchasing an additional 2,350 shares during the period. Calamos Advisors LLC’s holdings in Alibaba Group were worth $3,954,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Clay Northam Wealth Management LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at $366,000. Rheos Capital Works Inc. purchased a new stake in Alibaba Group during the 4th quarter valued at about $848,000. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Alibaba Group by 95.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 93,689 shares of the specialty retailer’s stock valued at $7,944,000 after purchasing an additional 45,695 shares during the period. Spire Wealth Management raised its stake in shares of Alibaba Group by 4.0% in the fourth quarter. Spire Wealth Management now owns 3,814 shares of the specialty retailer’s stock worth $323,000 after purchasing an additional 148 shares during the last quarter. Finally, Osborne Partners Capital Management LLC lifted its holdings in shares of Alibaba Group by 0.7% during the fourth quarter. Osborne Partners Capital Management LLC now owns 113,135 shares of the specialty retailer’s stock worth $9,593,000 after purchasing an additional 791 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 3.8 %

Shares of NYSE:BABA opened at $102.37 on Wednesday. The business’s 50 day moving average price is $86.84 and its 200-day moving average price is $89.07. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $117.82. The firm has a market capitalization of $243.52 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the firm posted $1.82 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of recent research reports. Citigroup raised their price target 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. Barclays reduced their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Bank of America lifted their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

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.