Rockefeller Capital Management L.P. Has $12.72 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Rockefeller Capital Management L.P. grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,957 shares of the specialty retailer’s stock after acquiring 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.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jaffetilchin Investment Partners LLC lifted its stake in Alibaba Group by 6.5% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 2,795 shares of the specialty retailer’s stock valued at $237,000 after acquiring an additional 171 shares during the last quarter. Redwood Park Advisors LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at about $52,000. CenterBook Partners LP acquired a new stake in Alibaba Group in the 4th quarter valued at about $361,000. TRUE Private Wealth Advisors grew its holdings in Alibaba Group by 3.7% during the fourth quarter. TRUE Private Wealth Advisors now owns 3,239 shares of the specialty retailer’s stock worth $275,000 after purchasing an additional 116 shares during the period. Finally, Renaissance Technologies LLC increased its position in Alibaba Group by 208.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer’s stock worth $254,000,000 after buying an additional 2,024,640 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays boosted their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Mizuho upped their price objective on shares of Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, March 28th. Citigroup cut their target price on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Robert W. Baird upped their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Arete Research upgraded Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Fifteen investment 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 company has a consensus rating of “Buy” and a consensus target price of $150.36.

Alibaba Group Trading Down 1.5 %

BABA opened at $112.31 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The company’s 50 day moving average price is $127.13 and its two-hundred day moving average price is $104.74. The firm 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 (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share 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 return on equity of 12.89% and a net margin of 12.29%. As a group, research 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.