MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 107,914 Shares of Alibaba Group Holding Limited (NYSE:BABA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,012,429 shares of the specialty retailer's stock after acquiring an additional 107,914 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Alibaba Group were worth $85,835,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BABA. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the fourth quarter worth $32,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of 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 period. Redwood Park Advisors LLC acquired a new position in Alibaba Group in the 4th quarter valued at $52,000. Finally, Kieckhefer Group LLC bought a new position in Alibaba Group in the 4th quarter worth $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of BABA traded up $1.68 on Wednesday, reaching $133.33. 17,835,358 shares of the stock traded hands, compared to its average volume of 20,468,563. The firm has a market cap of $318.38 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The stock's 50-day moving average price is $123.88 and its 200-day moving average price is $106.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

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 the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the subject of a number of research analyst reports. Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Benchmark raised their target price on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Citigroup cut their price target on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research note on Wednesday. Fourteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of "Buy" and a consensus target price of $150.36.

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.