Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Man Group plc

Man Group plc raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,897,326 shares of the specialty retailer’s stock after acquiring an additional 45,232 shares during the quarter. Alibaba Group makes up 0.4% of Man Group plc’s portfolio, making the stock its 25th biggest holding. Man Group plc’s holdings in Alibaba Group were worth $160,874,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Rings Capital Management LLC grew its position in Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock valued at $602,000 after acquiring an additional 100 shares during the period. Lindbrook Capital LLC grew its position in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock valued at $240,000 after acquiring an additional 101 shares during the period. Global Endowment Management LP grew its position in Alibaba Group by 1.4% during the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock valued at $642,000 after acquiring an additional 106 shares during the period. Pinnacle Wealth Planning Services Inc. grew its position in Alibaba Group by 3.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock valued at $266,000 after acquiring an additional 108 shares during the period. Finally, TBH Global Asset Management LLC boosted its position in shares of Alibaba Group by 2.4% in the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after buying an additional 112 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BABA has been the topic of several recent analyst reports. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Bank of America upped their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. 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 report on Wednesday, February 19th. Finally, Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Fourteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Alibaba Group has an average rating of “Buy” and a consensus target price of $150.36.

Alibaba Group Stock Down 0.6%

Alibaba Group stock opened at $131.70 on Wednesday. The company has a 50-day simple moving average of $124.03 and a 200-day simple moving average of $106.70. The firm has a market capitalization of $314.49 billion, a P/E ratio of 19.03, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a one year low of $71.80 and a one year high of $148.43.

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). The company 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%. As a group, equities analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current 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.