Alibaba Group Holding Limited (NYSE:BABA) Stock Position Boosted by Appaloosa LP

Appaloosa LP grew its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,843,158 shares of the specialty retailer's stock after acquiring an additional 1,843,158 shares during the quarter. Alibaba Group comprises 15.6% of Appaloosa LP's holdings, making the stock its largest position. Appaloosa LP owned 0.50% of Alibaba Group worth $1,004,181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group in the fourth quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the fourth quarter valued at approximately $32,000. Assetmark Inc. increased its holdings in shares of 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 purchasing an additional 275 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Alibaba Group in the fourth quarter valued at approximately $55,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Alibaba Group in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

BABA has been the subject of several recent research reports. Bank of America increased their price target on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Robert W. Baird increased their price target on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Alibaba Group presently has an average rating of "Buy" and an average target price of $144.07.

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Alibaba Group Trading Down 1.5 %

NYSE:BABA opened at $136.99 on Thursday. The firm has a market cap of $325.48 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $108.56 and a 200 day moving average price of $97.90. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.36.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.

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