Chiron Investment Management LLC Acquires 10,511 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Chiron Investment Management LLC grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 40.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,420 shares of the specialty retailer's stock after buying an additional 10,511 shares during the period. Chiron Investment Management LLC's holdings in Alibaba Group were worth $3,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group in the fourth quarter valued at $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group in the fourth quarter worth approximately $32,000. Redwood Park Advisors LLC bought a new position in shares of Alibaba Group during the 4th quarter worth approximately $52,000. Kieckhefer Group LLC bought a new stake in Alibaba Group in the fourth quarter valued at $55,000. Finally, Vision Financial Markets LLC bought a new position in shares of Alibaba Group during the 4th quarter worth about $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on BABA shares. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. 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 research report on Friday, February 21st. Citigroup reduced their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $150.36.

Alibaba Group Trading Up 2.1 %

Shares of BABA traded up $2.28 during trading hours on Friday, hitting $109.03. The company had a trading volume of 17,805,254 shares, compared to its average volume of 20,607,737. The firm has a market cap of $260.55 billion, a P/E ratio of 15.76, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The stock's 50 day moving average price is $127.14 and its 200 day moving average price is $104.77. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

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