28,500 Shares in Alibaba Group Holding Limited (NYSE:BABA) Purchased by Moore Capital Management LP

Moore Capital Management LP purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 28,500 shares of the specialty retailer's stock, valued at approximately $2,417,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group in the fourth quarter worth $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group in the 4th quarter worth $32,000. Strategic Investment Solutions Inc. IL lifted its position 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 acquiring an additional 200 shares during the period. Redwood Park Advisors LLC purchased a new stake in Alibaba Group during the 4th quarter valued at about $52,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded up $1.68 on Wednesday, hitting $133.33. The company's stock had a trading volume of 17,835,358 shares, compared to its average volume of 20,468,563. The company has a market capitalization of $318.38 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The firm has a fifty day moving average price of $123.88 and a 200-day moving average price of $106.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $38.19 billion. As a group, sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on BABA shares. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Mizuho raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, April 18th. Bank of America boosted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Citigroup lowered their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Fourteen equities 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 a consensus 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.