Alibaba Group Holding Ltd (BABA) is GVO Asset Management Ltd’s 9th Largest Position

GVO Asset Management Ltd lifted its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 16.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 90,880 shares of the specialty retailer’s stock after purchasing an additional 13,150 shares during the period. Alibaba Group makes up approximately 5.2% of GVO Asset Management Ltd’s holdings, making the stock its 9th largest holding. GVO Asset Management Ltd’s holdings in Alibaba Group were worth $14,973,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Unigestion Holding SA lifted its stake in shares of Alibaba Group by 57.9% in the third quarter. Unigestion Holding SA now owns 18,000 shares of the specialty retailer’s stock worth $2,966,000 after buying an additional 6,600 shares in the last quarter. Markston International LLC lifted its stake in shares of Alibaba Group by 4.3% in the third quarter. Markston International LLC now owns 10,901 shares of the specialty retailer’s stock worth $1,796,000 after buying an additional 452 shares in the last quarter. Dupont Capital Management Corp lifted its stake in shares of Alibaba Group by 9.0% in the third quarter. Dupont Capital Management Corp now owns 125,492 shares of the specialty retailer’s stock worth $20,676,000 after buying an additional 10,407 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Alibaba Group by 16.1% in the third quarter. Flagship Harbor Advisors LLC now owns 8,556 shares of the specialty retailer’s stock worth $1,386,000 after buying an additional 1,189 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its stake in shares of Alibaba Group by 9.6% in the third quarter. Essex Financial Services Inc. now owns 18,214 shares of the specialty retailer’s stock worth $3,001,000 after buying an additional 1,594 shares in the last quarter. 38.76% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on BABA. Nomura decreased their price target on shares of Alibaba Group from $224.00 to $202.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. KeyCorp set a $203.00 price target on shares of Alibaba Group and gave the stock an “overweight” rating in a research note on Monday, November 5th. UBS Group set a $245.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Friday, August 24th. Raymond James decreased their price target on shares of Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating on the stock in a research note on Thursday, August 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $256.00 price target on shares of Alibaba Group in a research note on Thursday, August 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $216.02.

Shares of BABA stock opened at $144.85 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. Alibaba Group Holding Ltd has a 12 month low of $130.06 and a 12 month high of $211.70. The stock has a market cap of $390.58 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 1.41 and a beta of 2.35.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.19. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. The business had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same period last year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 49.6% on a year-over-year basis. On average, research analysts anticipate that Alibaba Group Holding Ltd will post 3.48 EPS for the current fiscal year.

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Alibaba Group Company 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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