50,000 Shares in Alibaba Group Holding Limited (NYSE:BABA) Acquired by Global Frontier Investments LLC

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

Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC increased its position in shares of Alibaba Group by 1,033.1% during the third quarter. Virtu Financial LLC now owns 134,686 shares of the specialty retailer's stock valued at $14,293,000 after acquiring an additional 122,800 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in shares of Alibaba Group during the third quarter valued at approximately $637,000. Pine Valley Investments Ltd Liability Co boosted its holdings in Alibaba Group by 21.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 114,981 shares of the specialty retailer's stock worth $12,202,000 after purchasing an additional 20,654 shares during the last quarter. World Investment Advisors LLC grew its position in Alibaba Group by 17.0% in the 3rd quarter. World Investment Advisors LLC now owns 10,252 shares of the specialty retailer's stock worth $1,088,000 after purchasing an additional 1,486 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Alibaba Group during the 3rd quarter valued at $89,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BABA shares. Robert W. Baird raised their price target on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Benchmark boosted their price target on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Bank of America raised their price objective 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. Morgan Stanley raised 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 report on Monday, February 24th. Finally, Mizuho upgraded shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, April 18th. Fourteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Alibaba Group has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Price Performance

BABA traded up $5.30 during trading on Friday, reaching $125.83. 13,846,998 shares of the company traded hands, compared to its average volume of 28,144,432. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The firm has a fifty day simple moving average of $125.33 and a 200 day simple moving average of $105.14. 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 cap of $300.71 billion, a P/E ratio of 18.18, a PEG ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

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.