Alibaba Group Holding Ltd (BABA) Holdings Boosted by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 30.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,126,550 shares of the specialty retailer’s stock after acquiring an additional 971,912 shares during the period. Alibaba Group makes up about 0.5% of Amundi Pioneer Asset Management Inc.’s investment portfolio, making the stock its 27th biggest position. Amundi Pioneer Asset Management Inc. owned 0.16% of Alibaba Group worth $565,628,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Alibaba Group by 7.4% during the 4th quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after buying an additional 4,674,615 shares during the period. Baillie Gifford & Co. boosted its stake in Alibaba Group by 4.4% during the 4th quarter. Baillie Gifford & Co. now owns 47,311,293 shares of the specialty retailer’s stock worth $6,484,958,000 after acquiring an additional 1,989,666 shares during the last quarter. Vanguard Group Inc. boosted its stake in Alibaba Group by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after acquiring an additional 849,659 shares during the last quarter. Vanguard Group Inc boosted its stake in Alibaba Group by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after acquiring an additional 849,659 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in Alibaba Group by 8.5% during the 3rd quarter. Capital Research Global Investors now owns 21,413,445 shares of the specialty retailer’s stock worth $3,528,079,000 after acquiring an additional 1,670,726 shares during the last quarter. 40.25% of the stock is owned by institutional investors.

Several research analysts recently weighed in on the stock. Morgan Stanley set a $196.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Barclays lifted their price target on shares of Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $180.00 price target (up previously from $175.00) on shares of Alibaba Group in a research note on Thursday, January 31st. ValuEngine raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. Finally, Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of Alibaba Group in a research note on Monday, January 14th. One investment analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $211.54.

BABA traded down $5.84 on Monday, hitting $183.07. 12,839,264 shares of the stock were exchanged, compared to its average volume of 13,540,529. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $211.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $473.76 billion, a price-to-earnings ratio of 45.43, a P/E/G ratio of 1.29 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $10.83. The business had revenue of $117.28 billion during the quarter, compared to analysts’ expectations of $118.52 billion. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. Alibaba Group’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share. Sell-side analysts anticipate that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal year.

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About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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