Fmr LLC Boosts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Fmr LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 454.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,611,571 shares of the specialty retailer’s stock after purchasing an additional 2,959,954 shares during the quarter. Fmr LLC’s holdings in Alibaba Group were worth $383,260,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Primecap Management Co. CA grew its stake in Alibaba Group by 5.2% during the 2nd quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer’s stock worth $1,574,711,000 after buying an additional 1,074,175 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Alibaba Group by 1,392.6% during the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after acquiring an additional 5,715,155 shares during the last quarter. AMF Tjanstepension AB increased its holdings in shares of Alibaba Group by 6.9% during the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after acquiring an additional 178,999 shares in the last quarter. Eminence Capital LP boosted its stake in Alibaba Group by 9.0% in the 2nd quarter. Eminence Capital LP now owns 1,830,387 shares of the specialty retailer’s stock worth $131,788,000 after purchasing an additional 150,488 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Alibaba Group by 9,205.2% during the 3rd 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. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BABA has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Susquehanna dropped their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. Barclays cut their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Monday, October 7th. Finally, Mizuho raised their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group Price Performance

NYSE:BABA opened at $87.37 on Friday. The stock has a market capitalization of $209.05 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.35. The stock’s 50-day moving average price is $98.45 and its 200-day moving average price is $86.08. 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 52 week low of $66.63 and a 52 week high of $117.82.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping 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 return on equity of 12.28% and a net margin of 8.98%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 EPS. As a group, equities 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.