Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Leo Wealth LLC

Leo Wealth LLC increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 3.4% during the 4th quarter, HoldingsChannel reports. The fund owned 15,648 shares of the specialty retailer’s stock after acquiring an additional 517 shares during the quarter. Leo Wealth LLC’s holdings in Alibaba Group were worth $1,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BABA. Sanders Capital LLC raised its position in shares of Alibaba Group by 0.3% in the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock valued at $1,959,021,000 after purchasing an additional 60,667 shares in the last quarter. Hhlr Advisors LTD. increased its stake in shares of Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after buying an additional 3,448,152 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Alibaba Group by 1,392.6% in the third 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Alibaba Group by 3,180.1% during 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 valued at $409,385,000 after acquiring an additional 3,740,150 shares during the last quarter. Finally, FMR LLC grew its holdings in Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after acquiring an additional 2,959,954 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the topic of several research analyst reports. Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Robert W. Baird upped their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Barclays decreased their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group Trading Up 1.1 %

Shares of NYSE:BABA opened at $100.36 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $117.82. 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 company has a market cap of $238.73 billion, a PE ratio of 20.36, a P/E/G ratio of 0.42 and a beta of 0.31. The company’s 50-day moving average price is $87.44 and its 200 day moving average price is $89.33.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

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.