Cowa LLC Increases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Cowa LLC increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 98.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,090 shares of the specialty retailer’s stock after acquiring an additional 3,021 shares during the quarter. Cowa LLC’s holdings in Alibaba Group were worth $516,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Alibaba Group by 3,180.1% in 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 in the last quarter. Hhlr Advisors LTD. raised its holdings in Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after purchasing an additional 3,448,152 shares in the last quarter. FMR LLC raised its holdings in Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after purchasing an additional 2,959,954 shares in the last quarter. Aspex Management HK Ltd bought a new position in shares of Alibaba Group during the third quarter valued at $115,995,000. Finally, Bank of Montreal Can bought a new position in shares of Alibaba Group during the third quarter valued at $63,929,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BABA shares. JPMorgan Chase & Co. lifted their price target on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays lifted their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America lifted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.93.

Alibaba Group Trading Up 5.7 %

Shares of NYSE:BABA opened at $143.67 on Friday. The stock has a 50 day moving average of $95.43 and a 200 day moving average of $92.88. The company has a market cap of $341.36 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. 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 Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.30.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current 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.