Mmbg Investment Advisors CO. Purchases 20,355 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Mmbg Investment Advisors CO. raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 44.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,705 shares of the specialty retailer’s stock after acquiring an additional 20,355 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in Alibaba Group were worth $5,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Alibaba Group during the 4th quarter worth about $585,479,000. Renaissance Technologies LLC grew 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 valued at $254,000,000 after purchasing an additional 2,024,640 shares in the last quarter. Appaloosa LP raised its holdings in Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares during the period. Janus Henderson Group PLC raised its position in Alibaba Group by 95.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer’s stock worth $179,087,000 after purchasing an additional 1,030,999 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Alibaba Group by 92.7% in the fourth quarter. Bank of Montreal Can now owns 1,147,636 shares of the specialty retailer’s stock valued at $97,308,000 after purchasing an additional 552,010 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Price Performance

NYSE:BABA opened at $125.32 on Monday. The firm has a market capitalization of $299.25 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $124.36 and its two-hundred day moving average price is $106.28. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43.

Alibaba Group (NYSE:BABA) last posted 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 company 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%. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $180.00 in a research report on Monday, February 24th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Mizuho raised Alibaba Group to a “strong-buy” rating in a research report on Friday, April 18th. Finally, Bank of America boosted their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Fourteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group presently has an average rating of “Buy” and an average price target of $150.36.

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.