Pictet Asset Management Holding SA Has $20.40 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Pictet Asset Management Holding SA boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,611 shares of the specialty retailer’s stock after buying an additional 11,200 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Alibaba Group were worth $20,401,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Appaloosa LP grew its holdings in Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock valued at $1,004,181,000 after buying an additional 1,843,158 shares during the last quarter. Norges Bank acquired a new stake in shares of Alibaba Group in the fourth quarter worth $585,479,000. Fisher Asset Management LLC increased its position in Alibaba Group by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock worth $431,906,000 after acquiring an additional 78,757 shares during the period. North of South Capital LLP raised its stake in Alibaba Group by 17.9% during the 4th quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer’s stock valued at $167,525,000 after purchasing an additional 300,432 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Alibaba Group by 5.0% in the 4th quarter. American Century Companies Inc. now owns 1,507,591 shares of the specialty retailer’s stock valued at $127,829,000 after purchasing an additional 72,140 shares during the period. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BABA shares. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $100.00 to $180.00 in a report on Monday, February 24th. JPMorgan Chase & Co. upped their target price on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Mizuho lifted their price target on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Alibaba Group presently has an average rating of “Buy” and an average target price of $148.14.

Alibaba Group Trading Down 0.1 %

Shares of NYSE BABA opened at $132.32 on Tuesday. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43. The company has a 50-day moving average of $122.54 and a two-hundred day moving average of $103.03. The company has a market cap of $314.39 billion, a PE ratio of 19.12, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data 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). The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, equities analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.