American Century Companies Inc. Boosts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

American Century Companies Inc. increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,507,591 shares of the specialty retailer’s stock after buying an additional 72,140 shares during the quarter. American Century Companies Inc.’s holdings in Alibaba Group were worth $127,829,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group in the fourth quarter worth about $32,000. Kieckhefer Group LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $55,000. Vision Financial Markets LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $55,000. Finally, Golden State Wealth Management LLC purchased a new stake in Alibaba Group during the 4th quarter worth approximately $60,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 1.3 %

NYSE:BABA opened at $135.16 on Monday. The firm has a market capitalization of $321.14 billion, a P/E ratio of 19.53, a P/E/G ratio of 0.61 and a beta of 0.28. The business has a 50 day simple moving average of $116.49 and a 200 day simple moving average of $100.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43.

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

Wall Street Analyst Weigh In

BABA has been the subject of several research analyst reports. Bank of America increased their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Benchmark increased their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Barclays boosted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $144.07.

Alibaba Group Company 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.