Todd Asset Management LLC Boosts Position in Alibaba Group Holding Limited (NYSE:BABA)

Todd Asset Management LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 5.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 309,235 shares of the specialty retailer’s stock after purchasing an additional 14,955 shares during the period. Todd Asset Management LLC’s holdings in Alibaba Group were worth $26,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BABA. TRUE Private Wealth Advisors raised its position in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 112 shares during the last quarter. TBH Global Asset Management LLC increased its stake in shares of Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after purchasing an additional 112 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in Alibaba Group by 3.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock valued at $329,000 after buying an additional 124 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its position in Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 10.4 %

Shares of NYSE:BABA opened at $128.87 on Tuesday. The stock has a market capitalization of $306.18 billion, a P/E ratio of 18.62, a PEG ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.30. The stock has a 50-day simple moving average of $96.29 and a 200-day simple moving average of $93.43.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Equities analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of analyst reports. Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. Citigroup boosted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Barclays boosted their price target on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday. Finally, Robert W. Baird raised their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.36.

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.