Mawer Investment Management Ltd. Buys 139,915 Shares of Alibaba Group Holding Limited (NYSE:BABA)


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Mawer Investment Management Ltd. grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,143,796 shares of the specialty retailer’s stock after buying an additional 139,915 shares during the period. Alibaba Group accounts for about 1.6% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 22nd largest position. Mawer Investment Management Ltd.’s holdings in Alibaba Group were worth $266,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its position in shares of Alibaba Group by 7.5% during the third quarter. Morgan Stanley now owns 20,418,211 shares of the specialty retailer’s stock valued at $6,002,544,000 after buying an additional 1,431,788 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Alibaba Group by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 13,945,829 shares of the specialty retailer’s stock valued at $3,245,613,000 after purchasing an additional 450,553 shares in the last quarter. Sands Capital Management LLC grew its holdings in shares of Alibaba Group by 10.0% in the third quarter. Sands Capital Management LLC now owns 7,636,335 shares of the specialty retailer’s stock valued at $2,244,930,000 after purchasing an additional 696,828 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Alibaba Group by 44.3% in the third quarter. Acadian Asset Management LLC now owns 5,010,596 shares of the specialty retailer’s stock valued at $1,473,016,000 after purchasing an additional 1,538,738 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Alibaba Group by 15.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,827,680 shares of the specialty retailer’s stock valued at $1,419,240,000 after purchasing an additional 636,989 shares in the last quarter. Hedge funds and other institutional investors own 40.38% of the company’s stock.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $330.00 target price on shares of Alibaba Group in a report on Tuesday, October 27th. KeyCorp dropped their price objective on shares of Alibaba Group from $355.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, January 15th. HSBC lifted their price objective on shares of Alibaba Group from $329.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Sanford C. Bernstein initiated coverage on shares of Alibaba Group in a research note on Monday, January 25th. They set a “market perform” rating for the company. Finally, Truist upped their price target on shares of Alibaba Group from $308.00 to $326.00 in a report on Friday, January 22nd. Three equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Alibaba Group currently has a consensus rating of “Buy” and an average price target of $321.55.

Shares of Alibaba Group stock traded down $3.40 during midday trading on Tuesday, hitting $250.60. The company had a trading volume of 364,384 shares, compared to its average volume of 21,523,230. The stock has a market cap of $678.03 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 1.59 and a beta of 0.99. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $254.14 and a 200 day simple moving average of $269.44. Alibaba Group Holding Limited has a 12-month low of $169.95 and a 12-month high of $319.32.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Monday, February 1st. The specialty retailer reported $22.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $19.25. The firm had revenue of $221.08 billion during the quarter, compared to analyst estimates of $214.39 billion. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. Alibaba Group’s revenue was up 36.9% on a year-over-year basis. During the same period last year, the firm posted $18.19 EPS. As a group, analysts expect that Alibaba Group Holding Limited will post 7.84 EPS for the current year.

Alibaba Group Company Profile

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

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

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