UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 3,740,150 Shares of Alibaba Group Holding Limited (NYSE:BABA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3,180.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,857,760 shares of the specialty retailer’s stock after buying an additional 3,740,150 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Alibaba Group were worth $409,385,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BABA. Assenagon Asset Management S.A. boosted its holdings in shares of Alibaba Group by 1,392.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock valued at $650,043,000 after buying an additional 5,715,155 shares in the last quarter. FMR LLC raised its position in shares of Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after purchasing an additional 2,959,954 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Alibaba Group by 9,205.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer’s stock worth $1,801,240,000 after purchasing an additional 1,679,117 shares during the last quarter. AMF Tjanstepension AB raised its position in shares of Alibaba Group by 79.5% in the 2nd quarter. AMF Tjanstepension AB now owns 2,610,884 shares of the specialty retailer’s stock worth $188,197,000 after purchasing an additional 1,156,479 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Alibaba Group by 384.2% in the 2nd quarter. Marshall Wace LLP now owns 1,424,944 shares of the specialty retailer’s stock worth $102,596,000 after purchasing an additional 1,130,643 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BABA. Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Loop Capital reaffirmed a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Finally, Susquehanna decreased their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Price Performance

NYSE BABA opened at $86.59 on Friday. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The firm has a market capitalization of $207.18 billion, a P/E ratio of 17.56, a PEG ratio of 0.42 and a beta of 0.35. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $98.47 and a 200-day moving average price of $86.01.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Alibaba Group Holding Limited will post 8.44 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.