Two Sigma Securities LLC Buys 9,902 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Two Sigma Securities LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 79.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,342 shares of the specialty retailer's stock after buying an additional 9,902 shares during the period. Two Sigma Securities LLC's holdings in Alibaba Group were worth $1,894,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Alibaba Group during the 4th quarter valued at approximately $585,479,000. Renaissance Technologies LLC increased its stake in shares of Alibaba Group by 208.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after buying an additional 2,024,640 shares during the last quarter. Appaloosa LP raised its holdings in Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after acquiring an additional 1,843,158 shares in the last quarter. Bank of Montreal Can boosted its stake in Alibaba Group by 92.7% during the 4th quarter. Bank of Montreal Can now owns 1,147,636 shares of the specialty retailer's stock valued at $97,308,000 after acquiring an additional 552,010 shares during the last quarter. Finally, WT Asset Management Ltd grew its holdings in Alibaba Group by 364.4% during the 4th quarter. WT Asset Management Ltd now owns 634,200 shares of the specialty retailer's stock worth $53,774,000 after acquiring an additional 497,623 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup lowered their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Mizuho raised Alibaba Group to a "strong-buy" rating in a report on Friday, April 18th. JPMorgan Chase & Co. increased their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Barclays lifted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Fourteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $150.36.

Alibaba Group Stock Up 0.7 %

Shares of Alibaba Group stock traded up $0.88 during trading on Tuesday, hitting $119.25. 4,794,107 shares of the stock traded hands, compared to its average volume of 20,643,006. The company has a fifty day moving average price of $126.32 and a two-hundred day moving average price of $104.85. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The stock has a market cap of $284.98 billion, a P/E ratio of 17.22, a PEG ratio of 0.61 and a beta of 0.24. 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 (NYSE:BABA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Equities research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.