Alibaba Group Holding Limited (NYSE:BABA) is Monaco Asset Management SAM’s 6th Largest Position

Monaco Asset Management SAM grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 155,000 shares of the specialty retailer’s stock after purchasing an additional 25,000 shares during the quarter. Alibaba Group makes up about 1.9% of Monaco Asset Management SAM’s holdings, making the stock its 6th largest position. Monaco Asset Management SAM’s holdings in Alibaba Group were worth $13,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in Alibaba Group by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 52,563 shares of the specialty retailer’s stock valued at $5,578,000 after purchasing an additional 3,046 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of Alibaba Group in the third quarter valued at about $230,000. Venturi Wealth Management LLC boosted its stake in shares of Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after buying an additional 121 shares during the period. Finally, Apollon Wealth Management LLC purchased a new position in shares of Alibaba Group during the third quarter worth about $923,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Robert W. Baird increased their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $180.00 in a report on Monday, February 24th. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Benchmark upped their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, 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 note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $144.07.

Alibaba Group Stock Up 0.9 %

BABA stock opened at $138.41 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.36. The firm has a market capitalization of $328.86 billion, a PE ratio of 20.00, a P/E/G ratio of 0.61 and a beta of 0.28. The company’s 50 day simple moving average is $109.63 and its 200-day simple moving average is $98.18.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Equities analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.