Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Causeway Capital Management LLC

Causeway Capital Management LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 951,168 shares of the specialty retailer’s stock after purchasing an additional 63,851 shares during the period. Alibaba Group makes up approximately 1.8% of Causeway Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Causeway Capital Management LLC’s holdings in Alibaba Group were worth $80,650,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Mizuho lifted their price target on Alibaba Group from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, March 28th. Citigroup cut their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Benchmark increased their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Alibaba Group currently has an average rating of “Buy” and an average price target of $150.36.

Alibaba Group Trading Up 3.6 %

Shares of Alibaba Group stock opened at $107.89 on Monday. The company has a fifty day simple moving average of $126.59 and a 200-day simple moving average of $104.64. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43. 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 stock has a market cap of $256.26 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA) last announced its 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 firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Alibaba Group 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.