Ballentine Partners LLC Has $1.18 Million Stake in Alibaba Group Holding Limited (NYSE:BABA)

Ballentine Partners LLC grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,892 shares of the specialty retailer’s stock after purchasing an additional 779 shares during the period. Ballentine Partners LLC’s holdings in Alibaba Group were worth $1,178,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Generate Investment Management Ltd acquired a new position in Alibaba Group in the third quarter worth approximately $12,656,000. Nations Financial Group Inc. IA ADV increased its holdings in Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after buying an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Alibaba Group by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after buying an additional 50,000 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after buying an additional 266,361 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new position in Alibaba Group in the third quarter worth approximately $115,995,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BABA. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Monday, October 7th. Robert W. Baird increased their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Bank of America increased their price target on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Stock Up 0.4 %

Shares of BABA stock opened at $85.42 on Wednesday. The stock has a market cap of $203.45 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 0.45 and a beta of 0.30. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82. The stock has a fifty day moving average price of $85.85 and a 200 day moving average price of $87.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.82 earnings per share. Analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Alibaba Group Company 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.