Mosley Wealth Management Boosts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Mosley Wealth Management grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,499 shares of the specialty retailer’s stock after purchasing an additional 466 shares during the quarter. Mosley Wealth Management’s holdings in Alibaba Group were worth $466,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BABA. Sanders Capital LLC increased its position in Alibaba Group by 0.3% during the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after purchasing an additional 60,667 shares during the last quarter. Appaloosa LP increased its holdings in shares of Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock valued at $1,004,181,000 after acquiring an additional 1,843,158 shares during the last quarter. Hhlr Advisors LTD. boosted its stake in Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after acquiring an additional 3,448,152 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Alibaba Group by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock valued at $431,906,000 after acquiring an additional 78,757 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Alibaba Group by 3,180.1% during 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 acquiring an additional 3,740,150 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BABA has been the subject of several recent analyst reports. Robert W. Baird lifted their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Citigroup upped 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 upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Alibaba Group has a consensus rating of “Buy” and a consensus target price of $144.07.

Alibaba Group Stock Down 1.3 %

BABA stock opened at $135.16 on Friday. The business has a 50-day simple moving average of $116.49 and a 200 day simple moving average of $100.78. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 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. The company has a market cap of $321.14 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data 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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

About Alibaba Group

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.