Alibaba Group Holding Limited (NYSE:BABA) Stock Position Raised by PARUS FINANCE UK Ltd

PARUS FINANCE UK Ltd grew its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,322 shares of the specialty retailer's stock after purchasing an additional 22,590 shares during the period. Alibaba Group makes up approximately 2.2% of PARUS FINANCE UK Ltd's holdings, making the stock its 15th biggest position. PARUS FINANCE UK Ltd's holdings in Alibaba Group were worth $6,980,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BABA. Lindbrook Capital LLC increased its stake in Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after buying an additional 101 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Alibaba Group by 3.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after acquiring an additional 108 shares during the period. TRUE Private Wealth Advisors raised its holdings in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock worth $331,000 after purchasing an additional 112 shares in the last quarter. TBH Global Asset Management LLC raised its holdings in Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock worth $407,000 after purchasing an additional 112 shares in the last quarter. Finally, Xponance Inc. boosted its stake in Alibaba Group by 4.5% during the 4th quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer's stock valued at $230,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Up 0.3 %

Alibaba Group stock traded up $0.39 during mid-day trading on Tuesday, hitting $132.62. The company's stock had a trading volume of 7,432,996 shares, compared to its average volume of 28,119,793. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The firm's 50 day moving average is $122.54 and its 200 day moving average is $103.03. The company has a market cap of $315.10 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company 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%. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BABA. Robert W. Baird boosted their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Citigroup upped their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Benchmark increased their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $148.14.

Alibaba Group Company 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.