SeaBridge Investment Advisors LLC Buys 1,182 Shares of Alibaba Group Holding Limited (NYSE:BABA)

SeaBridge Investment Advisors LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,925 shares of the specialty retailer’s stock after buying an additional 1,182 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Alibaba Group were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. 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 worth $650,043,000 after purchasing an additional 5,715,155 shares during the period. 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 worth $409,385,000 after purchasing an additional 3,740,150 shares during the last quarter. Hhlr Advisors LTD. increased its stake in 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 buying an additional 3,448,152 shares during the last quarter. FMR LLC grew its stake in Alibaba Group by 454.2% in the third 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 in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Alibaba Group by 9,205.2% in the third quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer’s stock valued at $1,801,240,000 after purchasing an additional 1,679,117 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Benchmark reaffirmed a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Citigroup raised their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Monday, October 7th. Finally, Mizuho raised their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group Trading Down 4.0 %

BABA opened at $98.65 on Friday. The company’s 50 day moving average is $86.58 and its 200-day moving average is $88.76. The company has a market cap of $234.66 billion, a P/E ratio of 20.01, a PEG ratio of 0.41 and a beta of 0.30. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $117.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share 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.