Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 10.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,312 shares of the specialty retailer’s stock after buying an additional 974 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Alibaba Group were worth $874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BABA. Sanders Capital LLC increased its position in shares of 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 in the last quarter. Appaloosa LP increased its position in shares of Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares in the last quarter. Hhlr Advisors LTD. increased its position in shares of Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after purchasing an additional 3,448,152 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Alibaba Group by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock worth $431,906,000 after purchasing an additional 78,757 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Alibaba Group by 3,180.1% during the third 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 worth $409,385,000 after purchasing an additional 3,740,150 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of BABA opened at $147.56 on Tuesday. The stock’s 50 day moving average is $111.98 and its two-hundred day moving average is $99.32. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $148.75. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $350.60 billion, a PE ratio of 21.32, a P/E/G ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BABA shares. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Benchmark raised their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Arete Research raised Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Fifteen equities 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.com, the stock presently has an average rating of “Buy” and an average target price of $144.07.

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.