Alibaba Group Holding Limited A (NYSE:BABA).
Fisher Asset Management, LLC reports that it bought 4,813,431 shares during the last quarter increasing its exposure to Alibaba Group Holding Limited A by 87.4%. Its investment was worth $1,453,929,000 an increase of 144.9% as of the end of the quarter.
Here are a few other firms who have updated their positions. As of quarter end Vontobel Asset Management Inc had disposed of 118,982 shares trimming its stake by 1.1%. The value of the investment in (BABA) went from $1,170,360,000 to $1,505,700,000 increasing 28.7% quarter to quarter. As of the end of the quarter Genesis Asset Managers, Llp had sold a total of 88,074 shares trimming its holdings by 2.0%. The value of the total investment in Alibaba Group Holding Limited A increased from $464,196,000 to $594,148,000 a change of $129,952,000 quarter over quarter.
As of quarter end Newport Asia LLC had disposed of 21,600 shares trimming its position 1.9%. The value of the investment in Alibaba Group Holding Limited A went from $125,097,000 to $158,977,000 a change of 27.1% for the reporting period.
November 3 investment analysts at Jefferies kept the stock rating at “Buy” but lowered the price target from $120.00 to $119.00. On November 3 Brean Capital held the stock rating at “Buy” but moved down the price target to $115.00 from $120.00.
October 27 investment analysts at Citigroup maintained a stock rating of “Buy” and raised the price expectation to $133.00 from $120.00. On September 29 Deutsche Bank left the stock rating at “Buy” and moved up the price target to $125.00 from $120.00.
On August 31, 2016 JP Morgan added BABA to its research portfolio with a rating of “Overweight”. August 12 investment analysts at Goldman Sachs kept the company rating at “Buy” but raised the price expectation from $104.00 to $120.00.
In the market the company is trading up by 2.19% since yesterday’s close of $145.81. Company shares last traded at $149.00 which is slightly above the 50 day moving average of $130.82 and which is marginally over the 200 day moving average of $110.09. The 50 day moving average went up by +13.89% and the 200 day average moved up $38.91.
The P/E ratio is currently 59.60 and the market cap of the company is 376.97B. As of the latest earnings report the EPS was $2.50 and is estimated to be $4.55 for the current year with 2,530,000,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.96 with next year’s EPS anticipated to be $6.05.