10,000 Shares in Alibaba Group Holding Limited (NYSE:BABA) Purchased by Anson Funds Management LP

Anson Funds Management LP bought a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,000 shares of the specialty retailer's stock, valued at approximately $848,000.

Other hedge funds have also added to or reduced their stakes in the company. World Investment Advisors LLC boosted its position in shares of Alibaba Group by 17.0% in the third quarter. World Investment Advisors LLC now owns 10,252 shares of the specialty retailer's stock valued at $1,088,000 after acquiring an additional 1,486 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Alibaba Group in the third quarter valued at approximately $89,000. Synovus Financial Corp raised its stake in shares of Alibaba Group by 9.5% during the third quarter. Synovus Financial Corp now owns 5,533 shares of the specialty retailer's stock valued at $587,000 after acquiring an additional 481 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of Alibaba Group by 20.5% during the fourth quarter. Confluence Investment Management LLC now owns 2,425 shares of the specialty retailer's stock valued at $206,000 after buying an additional 412 shares during the period. Finally, Modus Advisors LLC bought a new position in Alibaba Group in the fourth quarter worth about $82,000. Institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Up 4.4 %

BABA stock opened at $125.86 on Friday. The company's 50 day simple moving average is $125.16 and its 200-day simple moving average is $105.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43. The firm has a market capitalization of $300.77 billion, a P/E ratio of 18.19, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BABA shares. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Robert W. Baird increased their target price on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Bank of America lifted their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Mizuho raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, April 18th. Fourteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

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