Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Primecap Management Co. CA

Primecap Management Co. CA lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,955,107 shares of the specialty retailer’s stock after acquiring an additional 37,555 shares during the period. Alibaba Group accounts for approximately 1.4% of Primecap Management Co. CA’s investment portfolio, making the stock its 19th biggest holding. Primecap Management Co. CA’s holdings in Alibaba Group were worth $1,861,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BABA. Lindbrook Capital LLC increased its position in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after buying an additional 101 shares during the period. Pinnacle Wealth Planning Services Inc. increased its position in Alibaba Group by 3.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after buying an additional 108 shares during the period. TRUE Private Wealth Advisors increased its position in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after buying an additional 112 shares during the period. TBH Global Asset Management LLC increased its position in Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after buying an additional 112 shares during the period. Finally, Capital Investment Advisory Services LLC increased its position in Alibaba Group by 3.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BABA. Robert W. Baird lifted their price target on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Citigroup boosted their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Fifteen 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.com, Alibaba Group presently has an average rating of “Buy” and an average target price of $144.07.

Alibaba Group Stock Performance

Alibaba Group stock opened at $147.56 on Tuesday. The firm has a market capitalization of $350.60 billion, a P/E ratio of 21.32, a PEG ratio of 0.61 and a beta of 0.28. The stock has a fifty day moving average price of $111.98 and a 200 day moving average price of $99.32. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $148.75. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last announced its quarterly 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). The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current 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.