Mirae Asset Global Investments Co. Ltd. Has $11.14 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Mirae Asset Global Investments Co. Ltd. cut its position in Alibaba Group Holding Limited (NYSE:BABA) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,107 shares of the specialty retailer’s stock after selling 6,227 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Alibaba Group were worth $11,141,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Foundations Investment Advisors LLC grew 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 valued at $13,180,000 after buying an additional 27,088 shares during the last quarter. Exchange Traded Concepts LLC grew 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 valued at $6,343,000 after buying an additional 42,446 shares during the last quarter. Generate Investment Management Ltd acquired a new position in Alibaba Group in the 3rd quarter valued at $12,656,000. Nations Financial Group Inc. IA ADV grew its stake in 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 valued at $3,047,000 after buying an additional 11,192 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in 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 last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BABA has been the topic of several research analyst reports. Citigroup raised their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Barclays decreased their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Finally, Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Trading Up 1.1 %

Shares of BABA stock opened at $100.36 on Friday. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $117.82. The company has a market capitalization of $238.73 billion, a P/E ratio of 20.36, a P/E/G ratio of 0.42 and a beta of 0.31. The firm has a 50-day moving average price of $87.44 and a 200 day moving average price of $89.33. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the firm posted $1.82 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.