Lindbrook Capital LLC Has $240,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Lindbrook Capital LLC raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,829 shares of the specialty retailer’s stock after buying an additional 101 shares during the period. Lindbrook Capital LLC’s holdings in Alibaba Group were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BABA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 last quarter. Hhlr Advisors LTD. lifted its stake in shares of Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after purchasing an additional 3,448,152 shares during the last quarter. FMR LLC lifted its stake in shares of Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after purchasing an additional 2,959,954 shares during the last quarter. Aspex Management HK Ltd acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at $115,995,000. Finally, Bank of Montreal Can acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at $63,929,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on BABA shares. Bank of America lifted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays lifted their target price 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 lifted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Benchmark lifted 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. Finally, Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Stock Performance

NYSE BABA opened at $140.59 on Friday. The stock has a market cap of $334.04 billion, a P/E ratio of 20.32, a PEG ratio of 0.61 and a beta of 0.31. The company’s 50-day simple moving average is $105.46 and its 200 day simple moving average is $96.70. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $145.36. 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 posted its 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 the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share 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.