Rockefeller Capital Management L.P. Purchases 8,601 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Rockefeller Capital Management L.P. boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,957 shares of the specialty retailer’s stock after buying an additional 8,601 shares during the period. Rockefeller Capital Management L.P.’s holdings in Alibaba Group were worth $12,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the 4th quarter valued at $31,000. Sierra Ocean LLC acquired a new stake in Alibaba Group in the fourth quarter worth $32,000. Redwood Park Advisors LLC bought a new stake in Alibaba Group in the fourth quarter valued at $52,000. Kieckhefer Group LLC acquired a new position in shares of Alibaba Group during the fourth quarter valued at about $55,000. Finally, Vision Financial Markets LLC bought a new position in shares of Alibaba Group during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the topic of a number of research reports. Citigroup dropped their price target on Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Benchmark upped their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. JPMorgan Chase & Co. boosted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Buy” and an average price target of $150.36.

Alibaba Group Trading Down 1.5 %

Shares of BABA stock opened at $112.31 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $266.77 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The company has a 50-day simple moving average of $127.13 and a two-hundred day simple moving average of $104.74.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Research 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.