Hoertkorn Richard Charles Has $298,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

Hoertkorn Richard Charles lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,509 shares of the specialty retailer’s stock after selling 100 shares during the period. Hoertkorn Richard Charles’ holdings in Alibaba Group were worth $298,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Alibaba Group in the 4th quarter valued at $585,479,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alibaba Group by 3,180.1% during the third 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 purchasing an additional 3,740,150 shares in the last quarter. Hhlr Advisors LTD. grew its stake in shares of Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after purchasing an additional 3,448,152 shares during the period. FMR LLC grew its stake in shares of Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after purchasing an additional 2,959,954 shares during the period. Finally, Appaloosa LP raised its holdings in shares of Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after buying an additional 1,843,158 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BABA. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Benchmark increased their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Trading Up 2.6 %

Shares of NYSE BABA opened at $135.69 on Friday. The company’s 50 day simple moving average is $120.65 and its 200 day simple moving average is $102.09. 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 fifty-two week low of $68.36 and a fifty-two week high of $148.43. The firm has a market capitalization of $322.39 billion, a P/E ratio of 19.61, a P/E/G ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last released 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 return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. On average, analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current 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.