Aurora Investment Managers LLC. Increases Position in Alibaba Group Holding Limited (NYSE:BABA)

Aurora Investment Managers LLC. lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,486 shares of the specialty retailer's stock after acquiring an additional 3,236 shares during the period. Alibaba Group accounts for approximately 3.9% of Aurora Investment Managers LLC.'s portfolio, making the stock its 6th biggest holding. Aurora Investment Managers LLC.'s holdings in Alibaba Group were worth $6,485,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Alibaba Group in the 2nd quarter worth about $27,000. Concord Wealth Partners raised its stake in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the 4th quarter valued at about $31,000. Highline Wealth Partners LLC bought a new stake in shares of Alibaba Group during the 3rd quarter worth about $36,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alibaba Group in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Analysts Set New Price Targets

BABA has been the topic of several recent analyst reports. Barclays dropped their target price on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. Macquarie upgraded shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target on the stock in a research report on Monday, October 7th. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Bank of America boosted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $115.13.

Alibaba Group Stock Up 0.4 %

Shares of NYSE BABA traded up $0.30 during trading hours on Tuesday, hitting $85.42. The stock had a trading volume of 16,772,818 shares, compared to its average volume of 12,435,473. The firm's 50-day moving average price is $85.85 and its two-hundred day moving average price is $87.93. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The company has a market capitalization of $203.45 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.45 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Alibaba Group's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 EPS. Analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.