Wellcome Trust increased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,200,000 shares of the company’s stock after buying an additional 50,000 shares during the period. Alibaba Group Holding comprises approximately 5.2% of Wellcome Trust’s portfolio, making the stock its 7th largest position. Wellcome Trust’s holdings in Alibaba Group Holding were worth $260,064,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BABA. Beacon Capital Management acquired a new position in shares of Alibaba Group Holding during the fourth quarter valued at about $0. Assetmark purchased a new stake in Alibaba Group Holding during the third quarter worth $0. Regent Investment Management purchased a new stake in Alibaba Group Holding during the fourth quarter worth $310,000. Prospera Financial Services purchased a new stake in Alibaba Group Holding during the fourth quarter worth $349,000. Finally, Narwhal Capital Management increased its stake in Alibaba Group Holding by 3.5% in the fourth quarter. Narwhal Capital Management now owns 4,425 shares of the company’s stock worth $360,000 after buying an additional 150 shares during the last quarter.

Alibaba Group Holding Ltd (NYSE:BABA) opened at 70.37 on Monday. Alibaba Group Holding Ltd has a one year low of $57.20 and a one year high of $105.13. The stock has a 50 day moving average of $78.51 and a 200-day moving average of $75.12. The firm’s market capitalization is $173.18 billion.

Alibaba Group Holding (NYSE:BABA) last posted its earnings results on Tuesday, October 27th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.25. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $21.36 billion. During the same period last year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 32.0% compared to the same quarter last year. On average, equities analysts predict that Alibaba Group Holding Ltd will post $17.34 EPS for the current year.

A number of research firms have recently weighed in on BABA. MKM Partners restated a “buy” rating on shares of Alibaba Group Holding in a research report on Friday, November 6th. Oppenheimer reiterated an “outperform” rating and issued a $112.00 price objective (down previously from $133.00) on shares of Alibaba Group Holding in a report on Thursday, December 3rd. Deutsche Bank upped their price objective on Alibaba Group Holding from $98.00 to $99.00 and gave the company a “buy” rating in a report on Monday, December 7th. Vetr downgraded Alibaba Group Holding from a “buy” rating to a “hold” rating and set a $87.21 price objective for the company. in a report on Tuesday, December 22nd. Finally, Zacks Investment Research upgraded Alibaba Group Holding from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Monday, November 2nd. Five analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $94.53.

Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (NYSE:BABA); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).

12 Month Chart for NYSE:BABA

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