SBI Securities Co. Ltd. Makes New $3.66 Million Investment in Alibaba Group Holding Limited (NYSE:BABA)

SBI Securities Co. Ltd. bought a new position in Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 43,120 shares of the specialty retailer’s stock, valued at approximately $3,656,000.

Other large investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new position in Alibaba Group in the fourth quarter worth about $32,000. Assetmark Inc. raised its holdings in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares in the last quarter. Kieckhefer Group LLC bought a new position in Alibaba Group in the fourth quarter worth about $55,000. Finally, Golden State Wealth Management LLC bought a new position in Alibaba Group in the fourth quarter worth about $60,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $132.45 on Friday. The business’s 50 day moving average price is $100.36 and its 200 day moving average price is $94.88. The firm has a market cap of $314.70 billion, a P/E ratio of 19.14, a P/E/G ratio of 0.61 and a beta of 0.31. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.30. 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 issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Ratings Changes

BABA has been the subject of a number of recent research reports. Benchmark boosted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $100.00 to $180.00 in a report on Monday, February 24th. Robert W. Baird upped their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, Barclays upped their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alibaba Group has a consensus rating of “Buy” and an average target price of $144.07.

Alibaba Group 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.