Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC raised its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 21.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,559 shares of the specialty retailer's stock after buying an additional 12,005 shares during the quarter. MML Investors Services LLC's holdings in Alibaba Group were worth $5,813,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL increased its stake in 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 stake in Alibaba Group during the 4th quarter worth approximately $52,000. Finally, Vision Financial Markets LLC purchased a new position in Alibaba Group in the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of BABA traded up $0.70 during mid-day trading on Tuesday, hitting $119.07. 3,721,930 shares of the company's stock were exchanged, compared to its average volume of 20,639,408. 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 fifty-two week low of $71.80 and a fifty-two week high of $148.43. The business's 50 day moving average is $126.32 and its two-hundred day moving average is $104.85. The firm has a market capitalization of $284.54 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share 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 company had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. On average, equities analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of recent research reports. Mizuho raised Alibaba Group to a "strong-buy" rating in a research report on Friday, April 18th. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Benchmark boosted their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their target price for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Finally, Bank of America boosted their price target 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. Fourteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target 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.