ING Groep NV Buys 16,179 Shares of Alibaba Group Holding Ltd (BABA)

ING Groep NV increased its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 24.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 82,676 shares of the specialty retailer’s stock after buying an additional 16,179 shares during the period. ING Groep NV’s holdings in Alibaba Group were worth $14,256,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of BABA. Boussard & Gavaudan Investment Management LLP grew its holdings in Alibaba Group by 37.1% during the third quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after purchasing an additional 3,141,790 shares during the period. Egerton Capital UK LLP bought a new position in Alibaba Group during the third quarter worth about $507,041,000. Third Point LLC grew its holdings in Alibaba Group by 46.7% during the third quarter. Third Point LLC now owns 6,600,000 shares of the specialty retailer’s stock worth $1,139,886,000 after purchasing an additional 2,100,000 shares during the period. Legal & General Group Plc boosted its holdings in shares of Alibaba Group by 51.3% during the third quarter. Legal & General Group Plc now owns 3,462,294 shares of the specialty retailer’s stock worth $597,897,000 after acquiring an additional 1,174,045 shares during the period. Finally, Investec Asset Management LTD boosted its holdings in shares of Alibaba Group by 24.8% during the third quarter. Investec Asset Management LTD now owns 5,293,925 shares of the specialty retailer’s stock worth $914,314,000 after acquiring an additional 1,052,394 shares during the period. Institutional investors and hedge funds own 37.96% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $230.00 price objective (up previously from $210.00) on shares of Alibaba Group in a report on Sunday, January 28th. SunTrust Banks boosted their price objective on Alibaba Group from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Morgan Stanley set a $250.00 price objective on Alibaba Group and gave the stock a “buy” rating in a report on Monday, January 29th. KeyCorp boosted their price objective on Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Oppenheimer restated a “buy” rating and set a $220.00 price objective on shares of Alibaba Group in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $211.40.

Shares of Alibaba Group Holding Ltd (NYSE:BABA) opened at $173.70 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $444,870.00, a P/E ratio of 42.26, a P/E/G ratio of 1.46 and a beta of 2.58. Alibaba Group Holding Ltd has a 12 month low of $100.11 and a 12 month high of $206.20.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The company had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the firm posted $1.30 earnings per share. research analysts predict that Alibaba Group Holding Ltd will post 4.05 EPS for the current year.

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Alibaba Group Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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