Nomura Asset Management Co. Ltd. boosted its position in Alibaba Group Holding Ltd (NYSE:BABA) by 32.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,508,641 shares of the specialty retailer’s stock after purchasing an additional 373,173 shares during the period. Alibaba Group comprises about 2.7% of Nomura Asset Management Co. Ltd.’s investment portfolio, making the stock its 3rd biggest position. Nomura Asset Management Co. Ltd.’s holdings in Alibaba Group were worth $275,252,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in Alibaba Group by 10.9% in the first quarter. PNC Financial Services Group Inc. now owns 312,084 shares of the specialty retailer’s stock worth $56,939,000 after purchasing an additional 30,677 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Alibaba Group by 25.7% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,067 shares of the specialty retailer’s stock valued at $195,000 after buying an additional 218 shares in the last quarter. Icon Wealth Partners LLC lifted its position in shares of Alibaba Group by 5.2% during the 1st quarter. Icon Wealth Partners LLC now owns 3,638 shares of the specialty retailer’s stock valued at $664,000 after buying an additional 180 shares in the last quarter. Bremer Bank National Association purchased a new position in shares of Alibaba Group during the 1st quarter valued at about $215,000. Finally, Armor Investment Advisors LLC lifted its position in shares of Alibaba Group by 6.6% during the 1st quarter. Armor Investment Advisors LLC now owns 3,234 shares of the specialty retailer’s stock valued at $590,000 after buying an additional 200 shares in the last quarter. 40.68% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on BABA shares. Raymond James lowered their price objective on Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Benchmark reaffirmed a “buy” rating and set a $220.00 price objective (up from $205.00) on shares of Alibaba Group in a research report on Thursday, May 16th. Robert W. Baird lifted their price objective on Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. Zacks Investment Research raised Alibaba Group from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Alibaba Group presently has an average rating of “Buy” and an average price target of $216.85.

Shares of BABA opened at $149.26 on Monday. The company has a market cap of $382.28 billion, a P/E ratio of 41.58, a price-to-earnings-growth ratio of 1.09 and a beta of 2.32. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $211.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.30.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $7.82. The company had revenue of $93.50 billion for the quarter, compared to the consensus estimate of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The firm’s quarterly revenue was up 51.0% on a year-over-year basis. During the same quarter last year, the company earned $5.73 EPS. On average, equities analysts expect that Alibaba Group Holding Ltd will post 5.1 EPS for the current 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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