Graham Capital Management L.P. Acquires Shares of 41,137 Alibaba Group Holding Limited (NYSE:BABA)

Graham Capital Management L.P. purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 41,137 shares of the specialty retailer's stock, valued at approximately $3,488,000.

Other hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new position in Alibaba Group in the fourth quarter valued at about $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL increased its stake in shares of Alibaba Group by 59.0% during the fourth 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 period. Redwood Park Advisors LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth approximately $52,000. Finally, Kieckhefer Group LLC purchased a new position in Alibaba Group in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Price Performance

NYSE BABA traded down $10.36 on Thursday, reaching $123.70. 11,478,117 shares of the stock traded hands, compared to its average volume of 20,443,487. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The company has a market cap of $295.37 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 0.61 and a beta of 0.24. The firm's fifty day simple moving average is $123.88 and its 200 day simple moving average is $106.88. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Thursday, May 15th. The specialty retailer reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.20. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley set a $180.00 price target on Alibaba Group in a research note on Wednesday. Citigroup lowered their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Benchmark upped their price objective 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. Robert W. Baird upped their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Mizuho raised shares of Alibaba Group to a "strong-buy" rating in a research report 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 MarketBeat.com, the company currently 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.