Manning & Napier Advisors Inc. was founded in 1970 and as of December 31, 2014 the company was managing $47.8 billion in assets. The Investor’s portfolio is composed of 369 stocks and has a Q/Q Turnover of 29%.Â
During the Q1 of 2015 they traded many stocks, but the main add is to its stake of Alibaba Group Holding Ltd. (BABA), with an increase of 11489.89% and with this increase BABA now has a weight of 0.65% on the portfolio. BABA is part of the Retail – Apparel & Speciality sector, and into the Investor’s portfolio, since that time has been overtaking other companies of the same sector like Amazon.com Inc (AMZN) and Dick’s Sporting Goods Inc (DKS). Lululemon Athletica Inc (LULU) (with a weight of 2.34%) and eBay Inc (EBAY) (with a weight of 1.93%) are the main companies of the portfolio from the same sector of BABA
The Investor is now holding BABA at an average price of $90.25 per share with an average loss of 9%
The company is a holding company and conducts its businesses through its subsidiaries. Also it is engaged at online and mobile commerce through products, services and technology that enable businesses to operate efficiently and extend their reach to sell to consumers and businesses in the People's Republic of China (the "PRC" or "China") and internationally.
The stock is currently trading at a P/E(ttm) ratio of 46.80 that is ranked higher than 59% of BABA’s competitors given that the average P/E of the Industry is 32.40.
The stock is -31.23% from its 52 weeks high and +3.12% from its 52 weeks low and during the last 12 months the price dropped by -12%.
The company has a profitability & growth of 3/10 that is not good but has strong and positive returns (ROA 17.34%, ROE 38.58% and ROC 433.94%). These ratios are hitting the Global Speciality Retail Industry, since they are ranked higher than 99% of the 1467 other companies.
About growing rates, even here the whole situation is much healthy. Revenue growth rate is 100% and EBITDA growth rate is 127% over the last 5 years. This trend is confirmed even during the last 12 months, made even stronger by the EPS growth rate of 89%.
Joe Tsai, the Executive Vice Chairmen of BABA said
For the 12 months ended December, our annual active buyers increased to 334 million compared to 231 million in the 12 months ended a year ago. This growth represents an increase of 45% year-on-year and was driven by an increase in active buyers throughout China which is substantially faster growth from lower tier cities.
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During Q4 of 2014, Stanley Druckenmiller (Trades, Portfolio) added a big stake of BABA to his portfolio (+2439%) while Eric Mindich (Trades, Portfolio), David Tepper (Trades, Portfolio), Jana Partners (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) sold out their shares.
Now, Frank Sands (Trades, Portfolio) and Daniel Loeb (Trades, Portfolio) are the main holders of BABA.
