GQG Partners LLC Invests $5.05 Million in Alibaba Group Holding Limited (NYSE:BABA)

GQG Partners LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 59,497 shares of the specialty retailer’s stock, valued at approximately $5,045,000.

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

Analyst Ratings Changes

A number of research firms recently issued reports on BABA. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Barclays upped their price target 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. Benchmark lifted their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Bank of America upped their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $144.07.

Alibaba Group Trading Down 0.4 %

Shares of Alibaba Group stock opened at $134.58 on Tuesday. The business has a fifty day simple moving average of $117.57 and a 200-day simple moving average of $101.28. The firm has a market cap of $319.76 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share 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 business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.