Janus Henderson Group PLC Grows Stock Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Share on StockTwits

Janus Henderson Group PLC raised its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,657,975 shares of the specialty retailer’s stock after buying an additional 484,548 shares during the period. Janus Henderson Group PLC owned about 0.18% of Alibaba Group worth $789,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Farmers National Bank acquired a new stake in shares of Alibaba Group in the first quarter valued at $25,000. Manchester Capital Management LLC raised its stake in Alibaba Group by 171.4% in the first quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 96 shares in the last quarter. Lee Financial Co raised its stake in Alibaba Group by 194.6% in the second quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 109 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in Alibaba Group by 100.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. Finally, Coastal Capital Group Inc. acquired a new stake in Alibaba Group in the second quarter valued at $34,000. Institutional investors and hedge funds own 42.12% of the company’s stock.

NYSE BABA opened at $167.48 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $195.72. The business’s 50-day moving average price is $169.08 and its 200 day moving average price is $172.81. The firm has a market cap of $422.12 billion, a P/E ratio of 46.65, a P/E/G ratio of 1.02 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.32. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The firm had revenue of $114.92 billion for the quarter, compared to analyst estimates of $111.65 billion. During the same quarter last year, the company posted $1.01 earnings per share. The business’s revenue was up 42.0% on a year-over-year basis. As a group, analysts anticipate that Alibaba Group Holding Ltd will post 5.81 earnings per share for the current year.

A number of analysts have weighed in on BABA shares. Barclays raised their price target on Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. TH Capital raised their price target on Alibaba Group from $180.00 to $220.00 in a research note on Monday, May 13th. Royal Bank of Canada set a $210.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Monday, August 12th. Jefferies Financial Group started coverage on Alibaba Group in a research note on Monday, August 5th. They issued a “buy” rating and a $216.00 price target on the stock. Finally, SunTrust Banks restated a “positive” rating and issued a $210.00 price target (up from $205.00) on shares of Alibaba Group in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $219.23.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Further Reading: How is the S&P 500 index different from the DJIA?

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Thomson Reuters Corp  Shares Sold by Pictet Asset Management Ltd.
Thomson Reuters Corp Shares Sold by Pictet Asset Management Ltd.
Universal Display Co.  Shares Sold by Pictet Asset Management Ltd.
Universal Display Co. Shares Sold by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. Increases Position in Mosaic Co
Pictet Asset Management Ltd. Increases Position in Mosaic Co
Pictet Asset Management Ltd. Has $4.55 Million Position in NRG Energy Inc
Pictet Asset Management Ltd. Has $4.55 Million Position in NRG Energy Inc
Pictet Asset Management Ltd. Has $4.39 Million Position in Open Text Corp
Pictet Asset Management Ltd. Has $4.39 Million Position in Open Text Corp
Pictet Asset Management Ltd. Buys 4,800 Shares of Tableau Software Inc
Pictet Asset Management Ltd. Buys 4,800 Shares of Tableau Software Inc


© 2006-2019 Ticker Report