Origin Asset Management LLP Has $69.09 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Origin Asset Management LLP decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 891,420 shares of the specialty retailer’s stock after selling 55,786 shares during the quarter. Alibaba Group makes up 18.5% of Origin Asset Management LLP’s holdings, making the stock its 2nd largest holding. Origin Asset Management LLP’s holdings in Alibaba Group were worth $69,094,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BABA. Sanders Capital LLC raised its stake in Alibaba Group by 322.7% in the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after buying an additional 11,473,618 shares in the last quarter. Morgan Stanley increased its holdings in shares of Alibaba Group by 13.8% in the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after acquiring an additional 1,406,491 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Alibaba Group by 461.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after acquiring an additional 3,464,723 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Alibaba Group by 65.6% during the 3rd quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock worth $304,318,000 after purchasing an additional 1,389,233 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in Alibaba Group by 0.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,480,200 shares of the specialty retailer’s stock valued at $215,133,000 after purchasing an additional 18,900 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Benchmark reissued a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research report on Wednesday, April 10th. Mizuho restated a “buy” rating and issued a $95.00 target price on shares of Alibaba Group in a research note on Wednesday, March 27th. Citigroup reduced their price target on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $88.50 to $85.40 in a report on Thursday, February 8th. Finally, The Goldman Sachs Group dropped their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $112.91.

Alibaba Group Price Performance

Shares of NYSE:BABA traded up $4.82 during trading on Thursday, reaching $80.33. 36,418,582 shares of the company’s stock traded hands, compared to its average volume of 17,998,010. The firm has a market cap of $203.84 billion, a PE ratio of 14.86 and a beta of 0.44. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. The company has a 50-day simple moving average of $73.28 and a 200-day simple moving average of $75.21. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. During the same quarter last year, the business earned $2.44 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, analysts predict that Alibaba Group Holding Limited will post 7.54 earnings per share for the current year.

Alibaba Group Company 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.