Colony Group LLC Grows Stock Position in Alibaba Group Holding Ltd (NYSE:BABA)

Colony Group LLC raised its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 18.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,447 shares of the specialty retailer’s stock after acquiring an additional 2,353 shares during the quarter. Colony Group LLC’s holdings in Alibaba Group were worth $3,276,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Baillie Gifford & Co. raised its holdings in shares of Alibaba Group by 4.2% in the fourth quarter. Baillie Gifford & Co. now owns 51,700,537 shares of the specialty retailer’s stock worth $10,965,684,000 after buying an additional 2,069,139 shares during the last quarter. State Street Corp increased its position in shares of Alibaba Group by 18.7% in the 4th quarter. State Street Corp now owns 35,607,263 shares of the specialty retailer’s stock valued at $12,969,965,000 after acquiring an additional 5,605,966 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Alibaba Group by 12.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 26,753,779 shares of the specialty retailer’s stock valued at $5,674,477,000 after acquiring an additional 2,941,744 shares during the period. Magellan Asset Management Ltd raised its stake in Alibaba Group by 3.5% in the 4th quarter. Magellan Asset Management Ltd now owns 15,663,856 shares of the specialty retailer’s stock worth $3,322,304,000 after acquiring an additional 534,173 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Alibaba Group by 8.0% in the 4th quarter. Jennison Associates LLC now owns 15,171,252 shares of the specialty retailer’s stock worth $3,217,823,000 after acquiring an additional 1,129,952 shares during the last quarter. Institutional investors and hedge funds own 48.42% of the company’s stock.

Shares of NYSE BABA opened at $188.56 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.14. Alibaba Group Holding Ltd has a 52 week low of $147.95 and a 52 week high of $231.14. The business’s 50 day moving average price is $205.43 and its 200 day moving average price is $196.17. The firm has a market cap of $472.62 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.18 and a beta of 2.09.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 13th. The specialty retailer reported $18.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $16.33. Alibaba Group had a net margin of 34.90% and a return on equity of 15.82%. The firm had revenue of $161.46 billion during the quarter, compared to analysts’ expectations of $156 billion. During the same period in the previous year, the business posted $12.19 EPS. The business’s revenue was up 37.7% compared to the same quarter last year. As a group, research analysts expect that Alibaba Group Holding Ltd will post 6.13 earnings per share for the current year.

Several analysts have weighed in on BABA shares. SunTrust Banks boosted their price target on Alibaba Group from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. ValuEngine upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Benchmark reaffirmed a “buy” rating and set a $275.00 target price (up previously from $220.00) on shares of Alibaba Group in a report on Friday, February 14th. They noted that the move was a valuation call. Raymond James lifted their target price on Alibaba Group from $280.00 to $310.00 and gave the stock a “strong-buy” rating in a report on Friday, February 14th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $275.00 target price on shares of Alibaba Group in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $240.55.

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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