Princeton Global Asset Management LLC Grows Position in Alibaba Group Holding Limited (NYSE:BABA)

Princeton Global Asset Management LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,907 shares of the specialty retailer’s stock after acquiring an additional 2,151 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Alibaba Group were worth $2,771,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in BABA. Morgan Stanley increased its position in shares of Alibaba Group by 7.5% in the third quarter. Morgan Stanley now owns 20,418,211 shares of the specialty retailer’s stock valued at $6,002,544,000 after buying an additional 1,431,788 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Alibaba Group by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 13,945,829 shares of the specialty retailer’s stock valued at $3,245,613,000 after buying an additional 450,553 shares in the last quarter. Sands Capital Management LLC increased its position in shares of Alibaba Group by 10.0% in the third quarter. Sands Capital Management LLC now owns 7,636,335 shares of the specialty retailer’s stock valued at $2,244,930,000 after buying an additional 696,828 shares in the last quarter. Acadian Asset Management LLC increased its position in Alibaba Group by 44.3% during the 3rd quarter. Acadian Asset Management LLC now owns 5,010,596 shares of the specialty retailer’s stock worth $1,473,016,000 after purchasing an additional 1,538,738 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Alibaba Group by 15.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,827,680 shares of the specialty retailer’s stock worth $1,419,240,000 after purchasing an additional 636,989 shares in the last quarter. Hedge funds and other institutional investors own 40.38% of the company’s stock.

A number of analysts recently commented on BABA shares. Royal Bank of Canada lifted their price objective on Alibaba Group from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, November 6th. HSBC lifted their price objective on Alibaba Group from $329.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Nomura reiterated a “buy” rating and set a $338.00 price objective on shares of Alibaba Group in a research report on Thursday, January 14th. Barclays lifted their price objective on Alibaba Group from $360.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, November 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $330.00 price target on shares of Alibaba Group in a research note on Tuesday, October 27th. Three investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $321.55.

Shares of NYSE:BABA traded down $5.53 during mid-day trading on Tuesday, hitting $248.47. 309,861 shares of the company traded hands, compared to its average volume of 21,523,230. The firm has a market cap of $672.27 billion, a P/E ratio of 36.44, a PEG ratio of 1.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.99 and a current ratio of 1.99. Alibaba Group Holding Limited has a 52-week low of $169.95 and a 52-week high of $319.32. The firm’s 50 day simple moving average is $254.14 and its 200 day simple moving average is $269.44.

Alibaba Group (NYSE:BABA) last announced its earnings results on Monday, February 1st. The specialty retailer reported $22.03 EPS for the quarter, beating the consensus estimate of $2.78 by $19.25. The business had revenue of $221.08 billion for the quarter, compared to the consensus estimate of $214.39 billion. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The company’s revenue was up 36.9% on a year-over-year basis. During the same period last year, the business posted $18.19 EPS. Equities research analysts expect that Alibaba Group Holding Limited will post 7.84 EPS for the current fiscal year.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through 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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