Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 68.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,689 shares of the specialty retailer's stock after purchasing an additional 2,711 shares during the period. Global Retirement Partners LLC's holdings in Alibaba Group were worth $567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Concord Wealth Partners raised its position in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group in the 4th quarter valued at $31,000. Sierra Ocean LLC purchased a new position in shares of Alibaba Group in the 4th quarter valued at $32,000. Highline Wealth Partners LLC acquired a new stake in Alibaba Group during the 3rd quarter worth $36,000. Finally, Assetmark Inc. boosted its stake in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 275 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BABA shares. Bank of America upped their target price on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday. Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $100.00 to $180.00 in a report on Monday. Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.36.

Alibaba Group Price Performance

Shares of BABA traded down $14.09 during trading hours on Monday, reaching $129.66. 55,391,812 shares of the company traded hands, compared to its average volume of 30,988,059. The stock has a fifty day simple moving average of $95.43 and a 200 day simple moving average of $93.09. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.30. The stock has a market capitalization of $308.06 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.57 and a beta of 0.31. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA - Get Free Report) last issued 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). Alibaba Group had a return on equity of 12.90% and a net margin of 12.29%. The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. As a group, research analysts predict 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.