Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Concentric Capital Strategies LP

Concentric Capital Strategies LP raised its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,750 shares of the specialty retailer's stock after purchasing an additional 25,673 shares during the quarter. Concentric Capital Strategies LP's holdings in Alibaba Group were worth $8,967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group in the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new position in Alibaba Group during the 4th quarter valued at $32,000. Strategic Investment Solutions Inc. IL lifted its holdings in 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 buying 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 worth approximately $52,000. Finally, Kieckhefer Group LLC bought a new stake in Alibaba Group in the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BABA shares. Benchmark boosted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Arete Research raised Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Bank of America raised their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Fourteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $150.36.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $127.75 on Wednesday. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The business has a 50-day moving average price of $124.73 and a two-hundred day moving average price of $105.69. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $305.04 billion, a P/E ratio of 18.46, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion for 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 analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

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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