Alibaba Group Holding Ltd (NYSE:BABA) Stake Increased by Intellectus Partners LLC

Intellectus Partners LLC increased its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,498 shares of the specialty retailer’s stock after buying an additional 1,290 shares during the period. Alibaba Group comprises about 1.2% of Intellectus Partners LLC’s investment portfolio, making the stock its 18th largest position. Intellectus Partners LLC’s holdings in Alibaba Group were worth $2,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Alibaba Group by 9.5% in the second quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock worth $13,307,578,000 after purchasing an additional 6,830,518 shares during the period. Genesis Investment Management LLP acquired a new position in Alibaba Group in the third quarter worth $748,808,000. OZ Management LP boosted its holdings in Alibaba Group by 223.9% in the second quarter. OZ Management LP now owns 1,455,589 shares of the specialty retailer’s stock worth $246,650,000 after purchasing an additional 2,630,589 shares during the period. Johanson Financial Advisors Inc. boosted its holdings in Alibaba Group by 20,840.6% in the fourth quarter. Johanson Financial Advisors Inc. now owns 2,471,834 shares of the specialty retailer’s stock worth $11,653,000 after purchasing an additional 2,460,030 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Alibaba Group by 16.5% in the third quarter. Fisher Asset Management LLC now owns 13,465,815 shares of the specialty retailer’s stock worth $2,251,888,000 after purchasing an additional 1,910,506 shares during the period. Institutional investors and hedge funds own 46.74% of the company’s stock.

A number of equities analysts have commented on BABA shares. Daiwa Capital Markets started coverage on shares of Alibaba Group in a report on Thursday, January 9th. They issued a “buy” rating for the company. SunTrust Banks dropped coverage on shares of Alibaba Group in a report on Friday, November 1st. ValuEngine downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Alibaba Group in a report on Thursday, December 12th. Finally, Royal Bank of Canada began coverage on shares of Alibaba Group in a report on Thursday, January 2nd. They set a “buy” rating and a $240.00 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty-five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $228.42.

Shares of NYSE BABA traded down $7.39 during trading hours on Friday, hitting $211.74. The stock had a trading volume of 10,856,336 shares, compared to its average volume of 10,781,650. The company has a market capitalization of $541.10 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.46 and a beta of 2.25. The firm’s 50-day moving average price is $214.82 and its two-hundred day moving average price is $185.05. Alibaba Group Holding Ltd has a 52 week low of $147.95 and a 52 week high of $231.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 1st. The specialty retailer reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.30. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.72 billion. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. As a group, analysts expect that Alibaba Group Holding Ltd will post 5.92 EPS for the current fiscal year.

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.

Featured Article: How accurate is the Rule of 72?

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.