Alibaba Group Holding Limited (NYSE:BABA) Position Increased by Huntington National Bank

Huntington National Bank raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,602 shares of the specialty retailer’s stock after buying an additional 504 shares during the period. Huntington National Bank’s holdings in Alibaba Group were worth $221,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group in the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the 4th quarter worth approximately $32,000. Kieckhefer Group LLC acquired a new position in Alibaba Group in the 4th quarter worth approximately $55,000. Vision Financial Markets LLC purchased a new position in Alibaba Group during the 4th quarter worth approximately $55,000. Finally, Golden State Wealth Management LLC acquired a new stake in Alibaba Group during the 4th quarter valued at $60,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the topic of a number of research analyst reports. Benchmark lifted their price target on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 21st. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, 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 research note on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Buy” and an average price target of $148.14.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $116.56 on Friday. The business’s 50-day simple moving average is $125.77 and its 200-day simple moving average is $104.10. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $276.85 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA) last released its quarterly 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 the consensus estimate of $38.19 billion. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share 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.