Dimensional Fund Advisors LP Purchases 103,916 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Dimensional Fund Advisors LP lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,741,485 shares of the specialty retailer's stock after purchasing an additional 103,916 shares during the quarter. Dimensional Fund Advisors LP owned 0.07% of Alibaba Group worth $147,661,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BABA. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group during the fourth quarter worth $32,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Redwood Park Advisors LLC bought a new position in shares of Alibaba Group in the 4th quarter valued at $52,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth $55,000. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BABA shares. Arete Research raised Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Bank of America increased their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Mizuho raised Alibaba Group to a "strong-buy" rating in a report on Friday, April 18th. Finally, Citigroup dropped their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Fourteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Trading Up 0.9 %

NYSE BABA traded up $1.06 during mid-day trading on Friday, reaching $120.35. 9,273,861 shares of the stock were exchanged, compared to its average volume of 20,745,960. 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 stock has a market cap of $287.60 billion, a P/E ratio of 17.39, a P/E/G ratio of 0.61 and a beta of 0.24. The stock has a 50 day simple moving average of $126.47 and a 200-day simple moving average of $104.83. Alibaba Group Holding Limited has a one year low of $71.80 and a one year high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data 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). 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 analyst estimates of $38.19 billion. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current 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.