Taikang Asset Management Hong Kong Co Ltd Boosts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Taikang Asset Management Hong Kong Co Ltd increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 130,000 shares of the specialty retailer’s stock after buying an additional 10,000 shares during the quarter. Alibaba Group comprises 1.6% of Taikang Asset Management Hong Kong Co Ltd’s holdings, making the stock its 13th largest position. Taikang Asset Management Hong Kong Co Ltd’s holdings in Alibaba Group were worth $11,023,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Riposte Capital LLC purchased a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $2,120,000. Congress Wealth Management LLC DE grew its position in Alibaba Group by 2.3% in the fourth quarter. Congress Wealth Management LLC DE now owns 6,325 shares of the specialty retailer’s stock worth $536,000 after acquiring an additional 141 shares during the period. Cedar Wealth Management LLC increased its stake in Alibaba Group by 21.1% during the fourth quarter. Cedar Wealth Management LLC now owns 9,655 shares of the specialty retailer’s stock worth $819,000 after acquiring an additional 1,682 shares during the last quarter. Mosley Wealth Management raised its position in Alibaba Group by 9.3% in the fourth quarter. Mosley Wealth Management now owns 5,499 shares of the specialty retailer’s stock valued at $466,000 after purchasing an additional 466 shares during the period. Finally, Harbor Advisors LLC lifted its stake in shares of Alibaba Group by 50.0% in the 4th quarter. Harbor Advisors LLC now owns 4,500 shares of the specialty retailer’s stock valued at $382,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.4 %

Shares of Alibaba Group stock opened at $134.58 on Tuesday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The company has a 50 day moving average of $117.57 and a 200 day moving average of $101.28. 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 company has a market capitalization of $319.76 billion, a P/E ratio of 19.45, a P/E/G ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the subject of a number of recent analyst reports. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Benchmark boosted their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $144.07.

Alibaba Group 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.