FNY Investment Advisers LLC Increases Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

FNY Investment Advisers LLC raised its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 1,622.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,740 shares of the specialty retailer's stock after purchasing an additional 21,420 shares during the quarter. Alibaba Group comprises approximately 2.0% of FNY Investment Advisers LLC's investment portfolio, making the stock its 11th biggest holding. FNY Investment Advisers LLC's holdings in Alibaba Group were worth $1,762,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BABA. Princeton Global Asset Management LLC bought a new position in shares of Alibaba Group in the third quarter valued at approximately $26,000. Brown Shipley& Co Ltd boosted its holdings in shares of Alibaba Group by 3.2% in the second quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 202 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Alibaba Group in the third quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of Alibaba Group by 116.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of Alibaba Group in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 14.22% of the company's stock.

Alibaba Group Stock Down 2.3 %

BABA stock traded down $1.70 during midday trading on Friday, reaching $72.13. The company had a trading volume of 12,771,525 shares, compared to its average volume of 13,856,869. The company has a market capitalization of $183.03 billion, a P/E ratio of 13.31 and a beta of 0.47. The company has a 50 day moving average of $73.36 and a two-hundred day moving average of $77.91. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $105.05.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts' consensus estimates of $19.12 by ($0.15). The business had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 EPS. On average, equities research analysts expect that Alibaba Group Holding Limited will post 7.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BABA. JPMorgan Chase & Co. decreased their price objective on shares of Alibaba Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, February 8th. Mizuho reduced their target price on shares of Alibaba Group from $100.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, February 8th. The Goldman Sachs Group reduced their target price on shares of Alibaba Group from $121.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, February 8th. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Tuesday, February 27th. Finally, Morgan Stanley restated an "equal weight" rating and set a $90.00 target price (down from $110.00) on shares of Alibaba Group in a report on Friday, December 1st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $115.44.

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.