PARUS FINANCE UK Ltd boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 37.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,322 shares of the specialty retailer's stock after acquiring an additional 22,590 shares during the period. Alibaba Group comprises 2.2% of PARUS FINANCE UK Ltd's portfolio, making the stock its 15th largest holding. PARUS FINANCE UK Ltd's holdings in Alibaba Group were worth $6,980,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group during the 4th quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth about $32,000. Vision Financial Markets LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth about $55,000. Kieckhefer Group LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $55,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Alibaba Group during the fourth quarter valued at approximately $60,000. Hedge funds and other institutional investors own 13.47% of the company's stock.
Alibaba Group Stock Down 0.1 %
Shares of BABA stock traded down $0.11 during trading hours on Monday, reaching $132.32. The company had a trading volume of 11,327,997 shares, compared to its average volume of 28,428,693. 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 twelve month low of $68.36 and a twelve month high of $148.43. The stock's fifty day simple moving average is $121.60 and its 200 day simple moving average is $102.70. The company has a market capitalization of $314.39 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.
Alibaba Group (NYSE:BABA - Get Free Report) last announced its earnings results 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). The firm had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have commented on BABA. Mizuho lifted their target price on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday. Citigroup increased their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Bank of America upped their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Robert W. Baird raised their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $148.14.
View Our Latest Analysis on BABA
About Alibaba Group
(
Free Report)
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.
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