Nissay Asset Management Corp Japan ADV Has $32.92 Million Stake in Alibaba Group Holding Ltd (BABA)

Nissay Asset Management Corp Japan ADV raised its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 18.8% in the 4th quarter, Holdings Channel reports. The firm owned 240,147 shares of the specialty retailer’s stock after buying an additional 37,935 shares during the quarter. Alibaba Group comprises 1.0% of Nissay Asset Management Corp Japan ADV’s investment portfolio, making the stock its 15th largest position. Nissay Asset Management Corp Japan ADV’s holdings in Alibaba Group were worth $32,917,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Palo Capital Inc. purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $171,000. Kistler Tiffany Companies LLC raised its stake in shares of Alibaba Group by 10.9% in the fourth quarter. Kistler Tiffany Companies LLC now owns 5,480 shares of the specialty retailer’s stock worth $751,000 after purchasing an additional 538 shares during the last quarter. Crestline Management LP purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $2,142,000. CWM LLC raised its stake in shares of Alibaba Group by 37.9% in the third quarter. CWM LLC now owns 23,426 shares of the specialty retailer’s stock worth $3,860,000 after purchasing an additional 6,441 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Alibaba Group by 14.8% in the third quarter. Sunbelt Securities Inc. now owns 7,879 shares of the specialty retailer’s stock worth $1,298,000 after purchasing an additional 1,014 shares during the last quarter. 39.11% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on BABA shares. KeyCorp set a $200.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Wednesday, January 23rd. JPMorgan Chase & Co. decreased their price target on Alibaba Group to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 5th. SunTrust Banks decreased their price target on Alibaba Group from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Barclays set a $195.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Monday, November 12th. Finally, Citigroup reaffirmed a “buy” rating and set a $211.00 price target (up from $208.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $211.09.

Shares of NYSE BABA opened at $171.66 on Friday. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $211.70. The firm has a market cap of $439.65 billion, a price-to-earnings ratio of 42.60, a PEG ratio of 1.67 and a beta of 2.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.25.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, beating the consensus estimate of $1.36 by $10.83. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The business had revenue of $117.28 billion during the quarter, compared to analyst estimates of $118.52 billion. During the same period in the prior year, the company earned $1.63 earnings per share. Alibaba Group’s revenue was up 41.3% compared to the same quarter last year. Analysts anticipate that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current year.

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Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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