Prudential PLC raised its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,726,467 shares of the specialty retailer’s stock after purchasing an additional 28,382 shares during the period. Alibaba Group accounts for approximately 0.9% of Prudential PLC’s holdings, making the stock its 23rd biggest holding. Prudential PLC’s holdings in Alibaba Group were worth $236,648,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BABA. Berman Capital Advisors LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at about $166,000. Dimensional Fund Advisors LP increased its stake in shares of Alibaba Group by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,818,587 shares of the specialty retailer’s stock valued at $386,814,000 after acquiring an additional 35,509 shares during the last quarter. Clifford Swan Investment Counsel LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at about $653,000. Townsquare Capital LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at about $402,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Alibaba Group by 69.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 915,727 shares of the specialty retailer’s stock valued at $125,519,000 after acquiring an additional 376,827 shares during the last quarter. Institutional investors own 39.79% of the company’s stock.

A number of analysts have recently commented on BABA shares. Jefferies Financial Group set a $195.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Monday, November 26th. ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Mizuho reissued a “buy” rating and set a $200.00 target price on shares of Alibaba Group in a research note on Thursday, December 13th. Zacks Investment Research cut Alibaba Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Finally, Macquarie set a $220.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, January 8th. One research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $211.07.

NYSE BABA opened at $180.36 on Friday. The company has a market capitalization of $462.62 billion, a PE ratio of 44.75, a P/E/G ratio of 1.76 and a beta of 2.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.25. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $211.70.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, beating the consensus estimate of $1.36 by $10.83. The company had revenue of $117.28 billion during the quarter, compared to the consensus estimate of $118.52 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The firm’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 EPS. On average, sell-side analysts forecast that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current year.

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About Alibaba Group

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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