Mainstream Capital Management LLC Purchases New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Mainstream Capital Management LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,081 shares of the specialty retailer’s stock, valued at approximately $600,000.

A number of other institutional investors have also recently bought and sold shares of the business. Sanders Capital LLC grew its holdings in Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after acquiring an additional 60,667 shares during the period. Hhlr Advisors LTD. grew its holdings in shares of Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after buying an additional 3,448,152 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock valued at $431,906,000 after buying an additional 78,757 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after buying an additional 3,740,150 shares during the period. Finally, FMR LLC grew its holdings 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 valued at $383,260,000 after buying an additional 2,959,954 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 1.3 %

Shares of BABA opened at $130.82 on Tuesday. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.30. The firm’s 50 day moving average is $101.27 and its 200-day moving average is $95.35. The stock has a market capitalization of $310.82 billion, a PE ratio of 18.90, a P/E/G ratio of 0.61 and a beta of 0.31. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays boosted 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. Mizuho upped their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Bank of America upped their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock 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 note on Friday. Finally, Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alibaba Group presently has a consensus 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.