Alden Global Capital LLC Purchases 7,201 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Alden Global Capital LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,892 shares of the specialty retailer's stock after acquiring an additional 7,201 shares during the period. Alibaba Group makes up approximately 6.0% of Alden Global Capital LLC's investment portfolio, making the stock its 6th largest holding. Alden Global Capital LLC's holdings in Alibaba Group were worth $6,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in Alibaba Group in the 4th quarter worth about $31,000. Sierra Ocean LLC purchased a new position in shares of Alibaba Group in the 4th quarter worth about $32,000. Strategic Investment Solutions Inc. IL grew its stake in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC bought a new position in shares of Alibaba Group in the fourth quarter worth $52,000. Finally, Vision Financial Markets LLC bought a new stake in Alibaba Group during the fourth quarter worth about $55,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded up $1.44 during trading on Tuesday, hitting $128.01. 12,662,458 shares of the company's stock traded hands, compared to its average volume of 20,526,006. The firm's fifty day moving average price is $124.91 and its 200 day moving average price is $105.53. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The company has a market cap of $305.67 billion, a PE ratio of 18.51, a PEG ratio of 0.61 and a beta of 0.24. 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 (NYSE:BABA - Get Free Report) last issued its quarterly 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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BABA. Mizuho raised Alibaba Group to a "strong-buy" rating in a research report on Friday, April 18th. Robert W. Baird raised their price objective on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. raised their target price 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. Finally, Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Fourteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $150.36.

About Alibaba Group

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.