Polen Capital Management LLC Raises Position in Alibaba Group Holding Ltd (BABA)

Polen Capital Management LLC boosted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 39.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,991 shares of the specialty retailer’s stock after purchasing an additional 11,108 shares during the period. Alibaba Group comprises about 0.0% of Polen Capital Management LLC’s holdings, making the stock its 22nd largest holding. Polen Capital Management LLC’s holdings in Alibaba Group were worth $6,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its position in Alibaba Group by 31.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 293,951 shares of the specialty retailer’s stock valued at $50,686,000 after acquiring an additional 69,988 shares during the period. Levin Capital Strategies L.P. acquired a new position in Alibaba Group in the 4th quarter valued at approximately $230,000. Shell Asset Management Co. acquired a new position in Alibaba Group in the 4th quarter valued at approximately $64,511,000. Fagan Associates Inc. increased its position in Alibaba Group by 11.7% in the 4th quarter. Fagan Associates Inc. now owns 22,300 shares of the specialty retailer’s stock valued at $3,845,000 after acquiring an additional 2,340 shares during the period. Finally, First Allied Advisory Services Inc. increased its position in Alibaba Group by 10.1% in the 4th quarter. First Allied Advisory Services Inc. now owns 37,684 shares of the specialty retailer’s stock valued at $6,495,000 after acquiring an additional 3,461 shares during the period. 38.13% of the stock is owned by institutional investors and hedge funds.

BABA has been the subject of several recent research reports. Barclays upped their price target on shares of Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a research report on Monday, December 4th. Robert W. Baird upped their price target on shares of Alibaba Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. BidaskClub cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Finally, Vetr cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $206.73 price target for the company. in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $211.15.

Shares of Alibaba Group Holding Ltd (NYSE BABA) opened at $183.68 on Monday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29. The company has a market cap of $470,432.75, a price-to-earnings ratio of 49.78, a price-to-earnings-growth ratio of 1.49 and a beta of 2.58. Alibaba Group Holding Ltd has a twelve month low of $100.30 and a twelve month high of $206.20.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). The company had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same quarter in the previous year, the business posted $1.30 earnings per share. equities analysts predict that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal year.

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Alibaba Group Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, 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 (China) and internationally.

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

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