Alibaba Group (BABA) Position Boosted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its position in shares of Alibaba Group (NYSE:BABA) by 58.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 917,333 shares of the specialty retailer’s stock after buying an additional 339,699 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Alibaba Group were worth $168,368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. increased its position in Alibaba Group by 8,940.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,979,321 shares of the specialty retailer’s stock worth $513,724,000 after purchasing an additional 2,946,365 shares during the last quarter. Barings LLC increased its position in shares of Alibaba Group by 7,117.7% in the fourth quarter. Barings LLC now owns 1,535,928 shares of the specialty retailer’s stock worth $264,840,000 after acquiring an additional 1,514,648 shares in the last quarter. BlackRock Inc. increased its position in shares of Alibaba Group by 2.6% in the fourth quarter. BlackRock Inc. now owns 56,469,345 shares of the specialty retailer’s stock worth $9,737,009,000 after acquiring an additional 1,443,555 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Alibaba Group by 7.5% in the fourth quarter. OppenheimerFunds Inc. now owns 16,055,811 shares of the specialty retailer’s stock worth $2,768,502,000 after acquiring an additional 1,122,712 shares in the last quarter. Finally, Boussard & Gavaudan Investment Management LLP increased its position in shares of Alibaba Group by 8.3% in the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 12,563,258 shares of the specialty retailer’s stock worth $2,163,750,000 after acquiring an additional 964,361 shares in the last quarter. 37.77% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group stock opened at $194.36 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 1.89. Alibaba Group has a 1 year low of $114.00 and a 1 year high of $206.20. The stock has a market capitalization of $497.79 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 1.22 and a beta of 2.52.



Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. The firm had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.36 billion. During the same period last year, the business earned $0.63 EPS. research analysts expect that Alibaba Group will post 5.38 earnings per share for the current year.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Alibaba Group from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. KeyCorp dropped their price objective on shares of Alibaba Group from $228.00 to $219.00 and set an “overweight” rating for the company in a research report on Tuesday, April 10th. MKM Partners increased their price objective on shares of Alibaba Group to $260.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird raised their price target on shares of Alibaba Group to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Bank of America reaffirmed a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a report on Thursday, February 1st. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $216.01.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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