Missouri Trust & Investment Co Buys 1,500 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Missouri Trust & Investment Co lifted its position in Alibaba Group Holding Limited (NYSE:BABA) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,680 shares of the specialty retailer’s stock after buying an additional 1,500 shares during the quarter. Missouri Trust & Investment Co’s holdings in Alibaba Group were worth $1,160,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Generate Investment Management Ltd bought a new position in shares of Alibaba Group in the 3rd quarter valued at about $12,656,000. Nations Financial Group Inc. IA ADV lifted its stake in Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after purchasing an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Alibaba Group by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after buying an additional 50,000 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after buying an additional 266,361 shares during the period. Finally, Aspex Management HK Ltd acquired a new stake in shares of Alibaba Group in the third quarter valued at approximately $115,995,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

BABA stock opened at $85.42 on Wednesday. The company’s 50-day moving average price is $85.85 and its two-hundred day moving average price is $87.93. The firm has a market cap of $203.45 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.45 and a beta of 0.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Monday, October 7th. Barclays decreased their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. StockNews.com downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Bank of America increased their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Citigroup boosted their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.13.

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.