Global Frontier Investments LLC Acquires New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Global Frontier Investments LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 50,000 shares of the specialty retailer's stock, valued at approximately $4,239,000. Alibaba Group accounts for about 1.1% of Global Frontier Investments LLC's portfolio, making the stock its 14th biggest position.

Other hedge funds have also recently made changes to their positions in the company. Foundations Investment Advisors LLC increased its holdings in shares of Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock worth $13,180,000 after purchasing an additional 27,088 shares during the last quarter. Berkshire Asset Management LLC PA purchased a new stake in shares of Alibaba Group during the 4th quarter worth approximately $911,000. Exchange Traded Concepts LLC boosted its position in shares of Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock valued at $6,343,000 after acquiring an additional 42,446 shares during the last quarter. Bailard Inc. grew its holdings in shares of Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock valued at $869,000 after purchasing an additional 3,242 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in Alibaba Group by 31.3% during the fourth quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer's stock valued at $1,566,000 after purchasing an additional 4,397 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Up 0.5 %

Shares of BABA traded up $0.54 during midday trading on Wednesday, reaching $119.42. 10,031,143 shares of the stock were exchanged, compared to its average volume of 20,675,410. The company has a market capitalization of $285.38 billion, a P/E ratio of 17.26, a PEG ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. The company's 50 day moving average is $125.98 and its two-hundred day moving average is $104.95.

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 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. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on BABA shares. Morgan Stanley upgraded shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Robert W. Baird increased their price target on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Benchmark lifted their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Fourteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price 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.