Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Gemsstock Ltd.

Gemsstock Ltd. boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,900 shares of the specialty retailer’s stock after acquiring an additional 20,100 shares during the period. Alibaba Group accounts for 3.0% of Gemsstock Ltd.’s portfolio, making the stock its 9th largest position. Gemsstock Ltd.’s holdings in Alibaba Group were worth $15,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $585,479,000. Appaloosa LP raised its holdings in shares of Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares during the period. WT Asset Management Ltd lifted its position in shares of Alibaba Group by 364.4% in the 4th quarter. WT Asset Management Ltd now owns 634,200 shares of the specialty retailer’s stock worth $53,774,000 after buying an additional 497,623 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Alibaba Group in the 4th quarter valued at about $42,175,000. Finally, Contrarius Group Holdings Ltd bought a new stake in shares of Alibaba Group during the 4th quarter valued at about $33,820,000. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BABA shares. Benchmark raised 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. Bank of America boosted their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Arete Research raised Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $148.14.

Alibaba Group Trading Down 9.9 %

Shares of Alibaba Group stock opened at $116.56 on Friday. The business has a fifty day simple moving average of $125.77 and a 200-day simple moving average of $104.10. The firm has a market cap of $276.85 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. 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 quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.