Marshall Wace North America L.P. Boosts Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Marshall Wace North America L.P. boosted its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 19.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,936 shares of the specialty retailer’s stock after buying an additional 1,784 shares during the period. Marshall Wace North America L.P.’s holdings in Alibaba Group were worth $1,995,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BABA. Successful Portfolios LLC raised its holdings in Alibaba Group by 3.8% in the first quarter. Successful Portfolios LLC now owns 1,520 shares of the specialty retailer’s stock worth $277,000 after purchasing an additional 55 shares during the period. Cypress Wealth Services LLC increased its position in shares of Alibaba Group by 3.8% during the first quarter. Cypress Wealth Services LLC now owns 1,515 shares of the specialty retailer’s stock worth $276,000 after acquiring an additional 56 shares in the last quarter. Regentatlantic Capital LLC increased its position in shares of Alibaba Group by 2.4% during the first quarter. Regentatlantic Capital LLC now owns 2,598 shares of the specialty retailer’s stock worth $474,000 after acquiring an additional 61 shares in the last quarter. LFA Lugano Financial Advisors SA increased its position in shares of Alibaba Group by 25.9% during the first quarter. LFA Lugano Financial Advisors SA now owns 340 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 70 shares in the last quarter. Finally, Mission Wealth Management LP increased its position in shares of Alibaba Group by 4.6% during the fourth quarter. Mission Wealth Management LP now owns 1,648 shares of the specialty retailer’s stock worth $226,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 40.68% of the company’s stock.

Shares of NYSE BABA traded up $2.52 during midday trading on Friday, reaching $169.07. The stock had a trading volume of 17,736,679 shares, compared to its average volume of 17,682,196. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $198.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a 50 day simple moving average of $162.36.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $7.82. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The company had revenue of $93.50 billion for the quarter, compared to the consensus estimate of $91.68 billion. During the same quarter in the previous year, the company earned $5.73 EPS. Alibaba Group’s quarterly revenue was up 51.0% compared to the same quarter last year. Analysts forecast that Alibaba Group Holding Ltd will post 5.1 earnings per share for the current year.

BABA has been the subject of a number of research reports. SunTrust Banks raised their target price on shares of eHealth to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Benchmark restated a “buy” rating and set a $305.00 target price (up previously from $295.00) on shares of NetEase in a research note on Thursday, May 16th. Loop Capital initiated coverage on shares of TENCENT HOLDING/ADR in a research note on Monday, June 3rd. They set a “buy” rating for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 price objective on shares of Alibaba Group in a research note on Friday, May 24th. Finally, KeyCorp lifted their price objective on shares of KLA-Tencor from $143.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $217.30.

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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