Capital International Inc. CA Has $156.18 Million Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Capital International Inc. CA increased its position in Alibaba Group Holding Ltd (NYSE:BABA) by 3.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 736,362 shares of the specialty retailer’s stock after acquiring an additional 21,851 shares during the quarter. Alibaba Group makes up about 2.2% of Capital International Inc. CA’s holdings, making the stock its 4th biggest holding. Capital International Inc. CA’s holdings in Alibaba Group were worth $156,182,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Magellan Asset Management Ltd raised its stake in Alibaba Group by 3.5% in the fourth quarter. Magellan Asset Management Ltd now owns 15,663,856 shares of the specialty retailer’s stock valued at $3,322,304,000 after purchasing an additional 534,173 shares in the last quarter. Advisor Partners LLC raised its stake in shares of Alibaba Group by 146.8% during the fourth quarter. Advisor Partners LLC now owns 3,638 shares of the specialty retailer’s stock worth $819,000 after acquiring an additional 2,164 shares in the last quarter. Cibc Bank USA raised its stake in shares of Alibaba Group by 3.7% during the fourth quarter. Cibc Bank USA now owns 4,570 shares of the specialty retailer’s stock worth $969,000 after acquiring an additional 162 shares in the last quarter. BW Gestao de Investimentos Ltda. raised its stake in shares of Alibaba Group by 76.5% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 15,000 shares of the specialty retailer’s stock worth $3,182,000 after acquiring an additional 6,500 shares in the last quarter. Finally, NS Partners Ltd raised its stake in shares of Alibaba Group by 16.3% during the fourth quarter. NS Partners Ltd now owns 170,325 shares of the specialty retailer’s stock worth $36,126,000 after acquiring an additional 23,879 shares in the last quarter. Institutional investors own 48.42% of the company’s stock.

Several research firms have commented on BABA. Oppenheimer lifted their price target on shares of Alibaba Group from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Raymond James lifted their price target on shares of Alibaba Group from $280.00 to $310.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 14th. ValuEngine upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Daiwa Capital Markets assumed coverage on shares of Alibaba Group in a report on Thursday, January 9th. They issued a “buy” rating on the stock. Finally, Argus restated a “buy” rating and issued a $260.00 target price on shares of Alibaba Group in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $240.55.

NYSE:BABA traded up $3.56 during trading hours on Thursday, hitting $192.12. The company had a trading volume of 7,193,079 shares, compared to its average volume of 21,705,908. The company has a market capitalization of $479.77 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.18 and a beta of 2.09. The stock has a 50-day moving average price of $205.43 and a 200 day moving average price of $196.17. Alibaba Group Holding Ltd has a 52 week low of $147.95 and a 52 week high of $231.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.75 and a quick ratio of 1.75.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $18.19 earnings per share for the quarter, beating the consensus estimate of $1.86 by $16.33. The business had revenue of $161.46 billion for the quarter, compared to analysts’ expectations of $156 billion. Alibaba Group had a net margin of 34.90% and a return on equity of 15.82%. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $12.19 earnings per share. Analysts anticipate that Alibaba Group Holding Ltd will post 6.13 EPS for the current fiscal year.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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