Henry James International Management Inc. Purchases 6,690 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Henry James International Management Inc. increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 35.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,794 shares of the specialty retailer’s stock after acquiring an additional 6,690 shares during the quarter. Henry James International Management Inc.’s holdings in Alibaba Group were worth $2,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after purchasing an additional 3,740,150 shares during the period. Hhlr Advisors LTD. boosted its holdings in Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after purchasing an additional 3,448,152 shares during the last quarter. FMR LLC increased its position in Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after acquiring an additional 2,959,954 shares during the last quarter. Aspex Management HK Ltd purchased a new position in shares of Alibaba Group in the third quarter worth approximately $115,995,000. Finally, Bank of Montreal Can bought a new stake in shares of Alibaba Group during the 3rd quarter valued at $63,929,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $132.45 on Friday. The firm has a market cap of $314.70 billion, a PE ratio of 19.14, a P/E/G ratio of 0.61 and a beta of 0.31. The business has a 50-day moving average price of $100.36 and a 200 day moving average price of $94.79. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $145.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on BABA shares. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Citigroup boosted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $144.07.

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.