BRILLIANCE ASSET MANAGEMENT Ltd Acquires Shares of 342,250 Alibaba Group Holding Limited (BABA)

BRILLIANCE ASSET MANAGEMENT Ltd bought a new position in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 342,250 shares of the company’s stock, valued at approximately $30,053,000. Alibaba Group Holding Limited makes up about 19.6% of BRILLIANCE ASSET MANAGEMENT Ltd’s portfolio, making the stock its 3rd largest position.

A number of other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. increased its stake in shares of Alibaba Group Holding Limited by 0.6% in the third quarter. Cullen Frost Bankers Inc. now owns 3,557 shares of the company’s stock worth $376,000 after buying an additional 20 shares during the period. Kistler Tiffany Companies LLC increased its stake in shares of Alibaba Group Holding Limited by 0.6% in the third quarter. Kistler Tiffany Companies LLC now owns 5,533 shares of the company’s stock worth $585,000 after buying an additional 33 shares during the period. Integrated Wealth Management increased its stake in shares of Alibaba Group Holding Limited by 2.1% in the second quarter. Integrated Wealth Management now owns 3,376 shares of the company’s stock worth $268,000 after buying an additional 70 shares during the period. Ruggie Capital Group increased its stake in shares of Alibaba Group Holding Limited by 2.2% in the third quarter. Ruggie Capital Group now owns 3,393 shares of the company’s stock worth $359,000 after buying an additional 74 shares during the period. Finally, AllSquare Wealth Management LLC increased its stake in shares of Alibaba Group Holding Limited by 2.8% in the second quarter. AllSquare Wealth Management LLC now owns 3,650 shares of the company’s stock worth $290,000 after buying an additional 100 shares during the period. Institutional investors own 35.17% of the company’s stock.

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

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at 101.59 on Wednesday. The firm has a market capitalization of $252.45 billion, a PE ratio of 46.62 and a beta of 2.73. Alibaba Group Holding Limited has a 12-month low of $64.66 and a 12-month high of $109.87. The company has a 50-day moving average of $97.41 and a 200 day moving average of $97.24.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Tuesday, January 24th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.17. Alibaba Group Holding Limited had a return on equity of 14.88% and a net margin of 26.56%. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. On average, analysts predict that Alibaba Group Holding Limited will post $3.49 EPS for the current year.

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A number of brokerages have recently commented on BABA. Morgan Stanley set a $140.00 price target on shares of Alibaba Group Holding Limited and gave the stock a “buy” rating in a report on Monday, February 6th. Goldman Sachs Group, Inc. (The) lifted their price target on shares of Alibaba Group Holding Limited from $128.00 to $135.00 and gave the stock a “conviction-buy” rating in a report on Friday, February 3rd. Zacks Investment Research upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $117.00 target price for the company in a report on Tuesday, January 31st. Vetr upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $107.50 target price for the company in a report on Monday, January 30th. Finally, TheStreet upgraded shares of Alibaba Group Holding Limited from a “c” rating to a “b-” rating in a report on Thursday, January 26th. Three analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $120.05.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

5 Day Chart for NYSE:BABA

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