Bamco Inc. NY Boosts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Bamco Inc. NY increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 6.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,434,625 shares of the specialty retailer’s stock after purchasing an additional 86,056 shares during the period. Bamco Inc. NY owned approximately 0.06% of Alibaba Group worth $152,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BABA. Assenagon Asset Management S.A. lifted its stake in shares of Alibaba Group by 1,392.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock valued at $650,043,000 after acquiring an additional 5,715,155 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after purchasing an additional 3,740,150 shares during the period. Hhlr Advisors LTD. boosted its stake in shares of Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after purchasing an additional 3,448,152 shares during the period. FMR LLC boosted its stake in shares of Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after purchasing an additional 2,959,954 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Alibaba Group by 9,205.2% in the third quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer’s stock worth $1,801,240,000 after purchasing an additional 1,679,117 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Loop Capital reissued a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Monday, October 7th. Susquehanna lowered their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. Finally, Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group Price Performance

Shares of BABA stock opened at $87.37 on Monday. The business’s fifty day moving average is $98.45 and its 200 day moving average is $86.11. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market cap of $209.05 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 0.43 and a beta of 0.35. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the prior year, the firm earned $1.82 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Research analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal 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.