UBS Asset Management Americas Inc. Has $2.32 Billion Stake in Alibaba Group Holding Ltd (BABA)
UBS Asset Management Americas Inc. grew its position in Alibaba Group Holding Ltd (NYSE:BABA) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 13,467,207 shares of the specialty retailer’s stock after buying an additional 519,382 shares during the quarter. Alibaba Group accounts for approximately 2.0% of UBS Asset Management Americas Inc.’s investment portfolio, making the stock its 3rd biggest holding. UBS Asset Management Americas Inc.’s holdings in Alibaba Group were worth $2,322,151,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of BABA. MUFG Americas Holdings Corp bought a new stake in Alibaba Group during the fourth quarter worth about $101,000. First Eagle Investment Management LLC bought a new stake in Alibaba Group during the third quarter worth about $104,000. Lenox Wealth Advisors Inc. raised its holdings in Alibaba Group by 2,636.4% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock worth $104,000 after acquiring an additional 580 shares in the last quarter. Lorber David A bought a new stake in Alibaba Group during the third quarter worth about $109,000. Finally, Highlander Capital Management LLC raised its holdings in Alibaba Group by 478.0% during the third quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 717 shares in the last quarter. Institutional investors own 38.13% of the company’s stock.
BABA has been the topic of several analyst reports. Barclays upped their target price on Alibaba Group from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a report on Monday, December 4th. Robert W. Baird upped their target price on Alibaba Group from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. BidaskClub lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Monday, October 23rd. Finally, Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $206.73 target price on the stock. in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $211.15.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same period in the prior year, the company earned $1.30 EPS. sell-side analysts expect that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal year.
Alibaba Group Company Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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