Zevenbergen Capital Investments LLC Boosts Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Zevenbergen Capital Investments LLC increased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 396,182 shares of the specialty retailer’s stock after buying an additional 18,920 shares during the quarter. Alibaba Group makes up about 3.1% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 15th largest position. Zevenbergen Capital Investments LLC’s holdings in Alibaba Group were worth $84,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jennison Associates LLC increased its holdings in Alibaba Group by 8.0% during the fourth quarter. Jennison Associates LLC now owns 15,171,252 shares of the specialty retailer’s stock worth $3,217,823,000 after buying an additional 1,129,952 shares during the last quarter. Banco Santander S.A. increased its holdings in Alibaba Group by 9.0% during the fourth quarter. Banco Santander S.A. now owns 1,871,661 shares of the specialty retailer’s stock worth $396,979,000 after buying an additional 153,810 shares during the last quarter. ETRADE Capital Management LLC increased its holdings in Alibaba Group by 10.1% during the fourth quarter. ETRADE Capital Management LLC now owns 26,472 shares of the specialty retailer’s stock worth $5,615,000 after buying an additional 2,436 shares during the last quarter. Ashfield Capital Partners LLC increased its holdings in Alibaba Group by 7.1% during the fourth quarter. Ashfield Capital Partners LLC now owns 29,026 shares of the specialty retailer’s stock worth $6,156,000 after buying an additional 1,922 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in Alibaba Group by 3.6% during the fourth quarter. M&T Bank Corp now owns 87,377 shares of the specialty retailer’s stock worth $18,533,000 after buying an additional 3,045 shares during the last quarter. Institutional investors and hedge funds own 47.22% of the company’s stock.

BABA has been the subject of several recent research reports. ValuEngine upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Mizuho lifted their target price on shares of Alibaba Group from $225.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Vertical Group initiated coverage on shares of Alibaba Group in a research note on Wednesday, October 23rd. They issued a “buy” rating for the company. Benchmark reiterated a “buy” rating and issued a $275.00 target price (up previously from $220.00) on shares of Alibaba Group in a research note on Friday, February 14th. They noted that the move was a valuation call. Finally, Oppenheimer lifted their target price on shares of Alibaba Group from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $241.29.

Alibaba Group stock traded down $4.10 during mid-day trading on Thursday, hitting $218.04. 14,920,400 shares of the company traded hands, compared to its average volume of 14,858,854. Alibaba Group Holding Ltd has a one year low of $147.95 and a one year high of $231.14. The stock has a market cap of $554.78 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 1.45 and a beta of 2.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a fifty day moving average price of $218.41 and a 200-day moving average price of $190.50.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 13th. The specialty retailer reported $18.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $16.33. Alibaba Group had a net margin of 34.90% and a return on equity of 15.82%. The business had revenue of $161.46 billion during the quarter, compared to analyst estimates of $156 billion. During the same period in the previous year, the business posted $12.19 earnings per share. Alibaba Group’s revenue for the quarter was up 37.7% on a year-over-year basis. Sell-side analysts predict that Alibaba Group Holding Ltd will post 5.88 EPS for the current year.

Alibaba Group 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.

Featured Story: What is Liquidity?

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit