10,000 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by Advanced Portfolio Management LLC

Advanced Portfolio Management LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 10,000 shares of the specialty retailer's stock, valued at approximately $848,000.

Other hedge funds also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after purchasing an additional 200 shares during the last quarter. Redwood Park Advisors LLC acquired a new position in Alibaba Group during the 4th quarter valued at approximately $52,000. Finally, Kieckhefer Group LLC bought a new position in Alibaba Group during the 4th quarter worth $55,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Up 0.6 %

Shares of Alibaba Group stock traded up $0.79 during trading on Monday, hitting $126.55. 9,811,691 shares of the stock traded hands, compared to its average volume of 20,555,824. The company has a fifty day moving average price of $125.16 and a two-hundred day moving average price of $105.36. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The stock has a market cap of $302.19 billion, a P/E ratio of 18.29, a PEG ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Equities research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Citigroup dropped their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Mizuho upgraded Alibaba Group to a "strong-buy" rating in a research report on Friday, April 18th. Barclays raised their target price on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Arete Research raised Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Fourteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $150.36.

Alibaba Group 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.