Banco BTG Pactual S.A. Boosts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Banco BTG Pactual S.A. increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 102.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 60,778 shares of the specialty retailer’s stock after buying an additional 30,778 shares during the quarter. Alibaba Group comprises 1.2% of Banco BTG Pactual S.A.’s holdings, making the stock its 20th largest position. Banco BTG Pactual S.A.’s holdings in Alibaba Group were worth $5,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the 4th quarter worth about $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the fourth quarter worth about $32,000. Vision Financial Markets LLC bought a new stake in Alibaba Group in the fourth quarter valued at about $55,000. Kieckhefer Group LLC acquired a new stake in Alibaba Group during the fourth quarter valued at approximately $55,000. Finally, Golden State Wealth Management LLC bought a new position in Alibaba Group during the 4th quarter worth approximately $60,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

BABA opened at $132.65 on Wednesday. The business has a 50 day moving average price of $118.59 and a two-hundred day moving average price of $101.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $315.17 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43.

Alibaba Group (NYSE:BABA) last announced 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 net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on BABA. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Citigroup increased their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $100.00 to $180.00 in a report on Monday, February 24th. JPMorgan Chase & Co. increased their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Fifteen equities research 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, Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $144.07.

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.