Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 95.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,112,187 shares of the specialty retailer’s stock after purchasing an additional 1,030,999 shares during the quarter. Janus Henderson Group PLC owned 0.09% of Alibaba Group worth $179,087,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Norges Bank acquired a new position in Alibaba Group during the 4th quarter worth $585,479,000. Renaissance Technologies LLC boosted its position in shares of Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer’s stock worth $254,000,000 after acquiring an additional 2,024,640 shares in the last quarter. Appaloosa LP boosted its position in shares of Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Alibaba Group by 92.7% during the 4th quarter. Bank of Montreal Can now owns 1,147,636 shares of the specialty retailer’s stock worth $97,308,000 after acquiring an additional 552,010 shares in the last quarter. Finally, Clear Street Derivatives LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth about $46,690,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Down 0.4%

BABA opened at $125.32 on Monday. The business has a 50 day moving average price of $124.36 and a two-hundred day moving average price of $106.28. 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 company has a market cap of $299.25 billion, a PE ratio of 18.11, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43.

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 the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Benchmark upped their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Citigroup decreased their target price on Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. 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 report on Friday, February 21st. Finally, Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Fourteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $150.36.

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.