10,225 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,225 shares of the specialty retailer's stock, valued at approximately $911,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group during the fourth quarter worth $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group in the fourth quarter worth about $32,000. Assetmark Inc. grew its stake in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 275 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Alibaba Group in the 4th quarter worth $55,000. Finally, Vision Financial Markets LLC purchased a new position in Alibaba Group during the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

BABA traded down $6.72 on Monday, hitting $133.90. The company had a trading volume of 12,770,940 shares, compared to its average volume of 18,618,814. The stock has a market cap of $318.13 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $145.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company's fifty day moving average price is $105.46 and its 200 day moving average price is $96.90.

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

Wall Street Analyst Weigh In

BABA has been the topic of several analyst reports. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Robert W. Baird raised their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price target for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Morgan Stanley raised shares of 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $144.07.

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.