Kraft Davis & Associates LLC Invests $484,000 in Alibaba Group Holding Limited (NYSE:BABA)

Kraft Davis & Associates LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,513 shares of the specialty retailer’s stock, valued at approximately $484,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sanders Capital LLC boosted its stake in Alibaba Group by 322.7% in the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after purchasing an additional 11,473,618 shares during the period. Morgan Stanley increased its position in Alibaba Group by 1.1% during the fourth quarter. Morgan Stanley now owns 12,815,514 shares of the specialty retailer’s stock worth $1,128,919,000 after acquiring an additional 142,563 shares during the period. Assenagon Asset Management S.A. raised its stake in 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 purchasing an additional 3,464,723 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Alibaba Group by 108,264.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,711,488 shares of the specialty retailer’s stock valued at $326,945,000 after purchasing an additional 3,708,063 shares during the period. Finally, American Century Companies Inc. grew its position 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 in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Up 0.3 %

BABA traded up $0.19 during midday trading on Friday, hitting $69.07. The company had a trading volume of 13,074,107 shares, compared to its average volume of 18,207,531. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $102.50. The company has a market capitalization of $175.25 billion, a price-to-earnings ratio of 12.74 and a beta of 0.46. The stock’s 50 day moving average price is $73.14 and its 200 day moving average price is $75.88. 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 quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. During the same quarter last year, the firm posted $2.44 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts anticipate that Alibaba Group Holding Limited will post 7.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on BABA shares. Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Wednesday, April 10th. Citigroup reduced their price target on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Mizuho restated a “buy” rating and set a $95.00 price objective on shares of Alibaba Group in a research report on Wednesday, March 27th. Robert W. Baird cut their target price on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. decreased their price target on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group 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.