First Horizon Advisors Inc. Has $1.84 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

First Horizon Advisors Inc. raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,735 shares of the specialty retailer’s stock after buying an additional 139 shares during the quarter. First Horizon Advisors Inc.’s holdings in Alibaba Group were worth $1,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alibaba Group by 3,180.1% in the 3rd 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 during the period. Hhlr Advisors LTD. lifted its stake in shares of Alibaba Group by 64.1% in the third 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 period. FMR LLC lifted its stake in shares of 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 buying an additional 2,959,954 shares during the period. Aspex Management HK Ltd acquired a new stake in Alibaba Group during the third quarter worth about $115,995,000. Finally, Bank of Montreal Can bought a new position in Alibaba Group during the third quarter valued at about $63,929,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Up 5.7 %

Shares of BABA opened at $143.67 on Monday. The business’s 50 day simple moving average is $95.43 and its 200-day simple moving average is $93.09. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.30. The company has a market capitalization of $341.36 billion, a P/E ratio of 20.76, a PEG ratio of 0.57 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.90% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. As a group, sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Ratings Changes

BABA has been the topic of several recent research reports. Robert W. Baird lifted their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday. Barclays upped their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Citigroup raised their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $131.93.

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.