Ancient Art L.P. Grows Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Ancient Art L.P. increased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 77.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 286,629 shares of the specialty retailer's stock after acquiring an additional 125,000 shares during the quarter. Alibaba Group makes up 5.2% of Ancient Art L.P.'s portfolio, making the stock its 8th biggest position. Ancient Art L.P.'s holdings in Alibaba Group were worth $24,303,000 as of its most recent SEC filing.

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

Alibaba Group Price Performance

Shares of BABA traded up $0.79 during mid-day trading on Monday, reaching $126.55. The company had a trading volume of 9,811,691 shares, compared to its average volume of 20,555,824. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $302.19 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 0.61 and a beta of 0.24. The company's 50 day simple moving average is $125.16 and its 200 day simple moving average is $105.36.

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 for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BABA shares. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Robert W. Baird increased their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Mizuho upgraded Alibaba Group to a "strong-buy" rating in a research note on Friday, April 18th. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Fourteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target 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.