Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Huntington National Bank

Huntington National Bank lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,602 shares of the specialty retailer’s stock after buying an additional 504 shares during the quarter. Huntington National Bank’s holdings in Alibaba Group were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on BABA. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. 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. Robert W. Baird boosted their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Mizuho raised their target price 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. Finally, Barclays upped their target price on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $148.14.

Alibaba Group Stock Down 9.9 %

BABA stock opened at $116.56 on Friday. The firm’s 50-day moving average is $125.77 and its two-hundred day moving average is $104.10. The company has a market capitalization of $276.85 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $148.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. On average, analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal 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.