CenterBook Partners LP Acquires Shares of 4,254 Alibaba Group Holding Limited (NYSE:BABA)

CenterBook Partners LP purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,254 shares of the specialty retailer's stock, valued at approximately $361,000.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new stake in Alibaba Group in the 3rd quarter valued at about $287,000. Coldstream Capital Management Inc. acquired a new position in shares of Alibaba Group during the 3rd quarter valued at about $306,000. Virtu Financial LLC grew its holdings in shares of Alibaba Group by 1,033.1% in the third quarter. Virtu Financial LLC now owns 134,686 shares of the specialty retailer's stock valued at $14,293,000 after purchasing an additional 122,800 shares during the period. SkyView Investment Advisors LLC purchased a new stake in shares of Alibaba Group in the third quarter valued at about $637,000. Finally, Pine Valley Investments Ltd Liability Co raised its stake in Alibaba Group by 21.9% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 114,981 shares of the specialty retailer's stock worth $12,202,000 after purchasing an additional 20,654 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 5.9 %

Shares of BABA traded up $6.34 during midday trading on Monday, reaching $114.07. The stock had a trading volume of 32,867,458 shares, compared to its average volume of 20,584,341. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company's fifty day simple moving average is $126.59 and its two-hundred day simple moving average is $104.64. The company has a market cap of $270.94 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43.

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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 the consensus estimate of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Equities research 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 subject of a number of recent analyst reports. Citigroup cut their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Robert W. Baird lifted their target price on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Benchmark increased their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alibaba Group presently has an average rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Profile

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.