Future Fund LLC Raises Stake in Alibaba Group Holding Limited (NYSE:BABA)

Future Fund LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 45.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,230 shares of the specialty retailer’s stock after buying an additional 3,500 shares during the quarter. Alibaba Group comprises 2.7% of Future Fund LLC’s holdings, making the stock its 17th biggest position. Future Fund LLC’s holdings in Alibaba Group were worth $952,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Alibaba Group by 3,180.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after purchasing an additional 3,740,150 shares during the period. Hhlr Advisors LTD. lifted its position in Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after buying an additional 3,448,152 shares during the period. FMR LLC boosted its stake in Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after buying an additional 2,959,954 shares during the last quarter. Aspex Management HK Ltd purchased a new stake in Alibaba Group in the 3rd quarter valued at about $115,995,000. Finally, Bank of Montreal Can acquired a new position in shares of Alibaba Group during the 3rd quarter valued at about $63,929,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Alibaba Group stock opened at $140.59 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.36. The stock’s 50 day moving average price is $105.46 and its 200 day moving average price is $96.90. The firm has a market capitalization of $334.04 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

BABA has been the topic of several research analyst reports. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Mizuho increased their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird boosted their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, Bank of America upped their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Buy” and a consensus price target of $144.07.

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.