TCG Advisory Services LLC Boosts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

TCG Advisory Services LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 75.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,426 shares of the specialty retailer’s stock after buying an additional 5,362 shares during the quarter. TCG Advisory Services LLC’s holdings in Alibaba Group were worth $963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BABA. Sanders Capital LLC raised its stake in shares of Alibaba Group by 322.7% in the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after acquiring an additional 11,473,618 shares during the period. Morgan Stanley lifted its stake in shares of Alibaba Group by 13.8% during the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after purchasing an additional 1,406,491 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Alibaba Group by 461.2% in the third quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after buying an additional 3,464,723 shares during the period. American Century Companies Inc. raised its holdings in shares of Alibaba Group by 65.6% during the 3rd quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock valued at $304,318,000 after buying an additional 1,389,233 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Alibaba Group by 0.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,480,200 shares of the specialty retailer’s stock worth $215,133,000 after acquiring an additional 18,900 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Susquehanna cut their price objective on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Thursday, February 8th. Robert W. Baird reduced their price target on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Citigroup dropped their price objective on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Morgan Stanley reiterated an “equal weight” rating and set a $85.00 target price on shares of Alibaba Group in a research note on Tuesday, April 9th. Finally, Macquarie lowered shares of Alibaba Group from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $88.50 to $85.40 in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group Stock Performance

Shares of Alibaba Group stock traded up $1.00 on Friday, reaching $81.33. 19,355,807 shares of the company were exchanged, compared to its average volume of 15,275,838. The firm has a market cap of $206.37 billion, a price-to-earnings ratio of 15.01 and a beta of 0.44. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $102.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The company’s 50-day moving average is $73.47 and its two-hundred day moving average is $75.22.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. During the same period in the prior year, the business earned $2.44 earnings per share. Alibaba Group’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts expect that Alibaba Group Holding Limited will post 7.54 earnings per share 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.