First Horizon Advisors Inc. Has $1.84 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

First Horizon Advisors Inc. boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,735 shares of the specialty retailer’s stock after buying an additional 139 shares during the period. First Horizon Advisors Inc.’s holdings in Alibaba Group were worth $1,843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AMF Tjanstepension AB lifted its position in shares of Alibaba Group by 6.9% in the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after acquiring an additional 178,999 shares in the last quarter. Brighton Jones LLC acquired a new stake in Alibaba Group during the 3rd quarter valued at $258,000. Modera Wealth Management LLC purchased a new stake in shares of Alibaba Group in the third quarter valued at $225,000. DekaBank Deutsche Girozentrale boosted its position in shares of Alibaba Group by 86.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 71,870 shares of the specialty retailer’s stock worth $7,996,000 after buying an additional 33,410 shares during the period. Finally, Sterling Investment Advisors Ltd. purchased a new position in shares of Alibaba Group during the third quarter valued at $232,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $143.67 on Monday. The stock has a market capitalization of $341.36 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.57 and a beta of 0.31. The business has a 50-day moving average of $95.43 and a two-hundred day moving average of $93.09. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.30. 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 earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.90% and a net margin of 12.29%. The company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. On average, equities research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

BABA has been the subject of several research analyst reports. Bank of America increased their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho increased their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark boosted their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. increased their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Citigroup boosted their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.93.

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.