Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 52.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 36,258 shares of the specialty retailer’s stock after acquiring an additional 12,452 shares during the period. Atria Wealth Solutions Inc.’s holdings in Alibaba Group were worth $3,074,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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. raised its position in Alibaba Group by 64.1% during 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 Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after acquiring an additional 2,959,954 shares in the last quarter. Aspex Management HK Ltd acquired a new stake in Alibaba Group during the 3rd quarter worth about $115,995,000. Finally, Bank of Montreal Can purchased a new position in Alibaba Group during the 3rd quarter valued at about $63,929,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 5.7 %

NYSE:BABA opened at $143.67 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $95.43 and its 200-day moving average is $92.88. The firm has a market cap of $341.36 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 0.53 and a beta of 0.31. 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 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 12.28% and a net margin of 8.98%. The firm had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BABA. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Benchmark boosted their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Citigroup increased their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.93.

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.