Union Bancaire Privee UBP SA Invests $6.48 Million in Alibaba Group Holding Limited (NYSE:BABA)

Union Bancaire Privee UBP SA purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 80,050 shares of the specialty retailer’s stock, valued at approximately $6,478,000.

Several other large investors have also modified their holdings of the business. TRUE Private Wealth Advisors increased its position in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after buying an additional 112 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after acquiring an additional 121 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Alibaba Group by 3.6% in the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after purchasing an additional 134 shares during the last quarter. Wynn Capital LLC lifted its holdings in Alibaba Group by 1.0% in the 4th quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 135 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Alibaba Group by 4.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 139 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BABA has been the subject of a number of analyst reports. Barclays cut their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Citigroup raised their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Bank of America upped their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Stock Performance

BABA stock opened at $89.13 on Monday. The firm has a market cap of $212.29 billion, a P/E ratio of 18.08, a P/E/G ratio of 0.37 and a beta of 0.30. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $117.82. The stock’s 50 day simple moving average is $85.54 and its 200 day simple moving average is $88.18. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the firm posted $1.82 EPS. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current 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.