Berkshire Asset Management LLC PA Acquires New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Berkshire Asset Management LLC PA purchased a new stake 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 Securities & Exchange Commission. The institutional investor purchased 10,225 shares of the specialty retailer's stock, valued at approximately $911,000.

A number of other large investors have also recently bought and sold shares of BABA. West Family Investments Inc. lifted its position in shares of Alibaba Group by 7.4% during the 4th quarter. West Family Investments Inc. now owns 5,853 shares of the specialty retailer's stock valued at $496,000 after acquiring an additional 402 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at about $1,189,000. Pinnacle Wealth Planning Services Inc. increased its position in Alibaba Group by 3.6% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after buying an additional 108 shares in the last quarter. Lindbrook Capital LLC raised its stake in Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock worth $240,000 after buying an additional 101 shares during the period. Finally, Vision Financial Markets LLC bought a new position in Alibaba Group in the fourth quarter worth approximately $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Citigroup raised their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Benchmark boosted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Alibaba Group currently has an average rating of "Buy" and a consensus target price of $144.07.

Alibaba Group Stock Performance

Shares of Alibaba Group stock traded up $6.67 during trading hours on Tuesday, hitting $139.21. 28,918,713 shares of the company's stock traded hands, compared to its average volume of 18,737,885. The company has a fifty day simple moving average of $106.42 and a 200-day simple moving average of $97.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $330.76 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.36.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.