SBI Securities Co. Ltd. Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

SBI Securities Co. Ltd. acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 43,120 shares of the specialty retailer’s stock, valued at approximately $3,656,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BABA. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the fourth quarter worth $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group in the fourth quarter worth $32,000. Assetmark Inc. increased its position in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the last quarter. Kieckhefer Group LLC bought a new stake in Alibaba Group in the fourth quarter worth $55,000. Finally, Golden State Wealth Management LLC bought a new stake in Alibaba Group in the fourth quarter worth $60,000. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Mizuho boosted 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. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Barclays lifted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Fifteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Stock Down 3.0 %

Shares of BABA opened at $132.45 on Friday. The firm has a market capitalization of $314.70 billion, a P/E ratio of 19.14, a P/E/G ratio of 0.61 and a beta of 0.31. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.30. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average price of $100.36 and a 200-day moving average price of $94.88.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) 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 company had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

About Alibaba Group

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.