J.Safra Asset Management Corp Acquires 297 Shares of Alibaba Group Holding Limited (NYSE:BABA)

J.Safra Asset Management Corp boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 42.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 997 shares of the specialty retailer’s stock after purchasing an additional 297 shares during the quarter. J.Safra Asset Management Corp’s holdings in Alibaba Group were worth $84,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its stake in Alibaba Group by 21.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after acquiring an additional 27,088 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after acquiring an additional 42,446 shares during the last quarter. Bailard Inc. boosted its holdings in shares of Alibaba Group by 46.3% in the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock worth $869,000 after purchasing an additional 3,242 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after purchasing an additional 11,192 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after purchasing an additional 266,361 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 8.7 %

Shares of NYSE BABA opened at $141.19 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $103.27 and a two-hundred day simple moving average of $96.00. The firm has a market cap of $335.45 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $146.76.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Robert W. Baird lifted their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their target price on 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 and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Alibaba Group has an average 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.