Hel Ved Capital Management Ltd Buys Shares of 23,700 Alibaba Group Holding Limited (NYSE:BABA)

Hel Ved Capital Management Ltd bought a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,700 shares of the specialty retailer's stock, valued at approximately $2,010,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans acquired a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $321,000. The Manufacturers Life Insurance Company acquired a new position in Alibaba Group during the 3rd quarter worth approximately $287,000. Benjamin Edwards Inc. bought a new stake in shares of Alibaba Group in the third quarter worth $508,000. Integrated Wealth Concepts LLC grew its position in Alibaba Group by 15.5% in the third quarter. Integrated Wealth Concepts LLC now owns 28,680 shares of the specialty retailer's stock valued at $3,043,000 after purchasing an additional 3,853 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Alibaba Group by 56.8% during the 3rd quarter. Quantinno Capital Management LP now owns 19,659 shares of the specialty retailer's stock worth $2,086,000 after buying an additional 7,123 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BABA shares. Benchmark raised their price target on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Robert W. Baird upped their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Citigroup cut their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $150.36.

Alibaba Group Trading Down 1.6 %

BABA traded down $1.56 during trading on Wednesday, reaching $97.81. 37,923,330 shares of the company's stock were exchanged, compared to its average volume of 20,128,507. The stock has a market capitalization of $232.31 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. 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 one year low of $68.36 and a one year high of $148.43. The firm has a fifty day moving average price of $126.20 and a two-hundred day moving average price of $104.40.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share 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.