Glaxis Capital Management LLC Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Glaxis Capital Management LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,000 shares of the specialty retailer's stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC purchased a new position in shares of Alibaba Group during the fourth quarter worth about $32,000. Assetmark Inc. grew its holdings in shares of Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 275 shares in the last quarter. Kieckhefer Group LLC purchased a new position in shares of Alibaba Group during the fourth quarter worth about $55,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Alibaba Group during the fourth quarter worth about $55,000. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BABA has been the subject of several recent analyst reports. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Barclays upped their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Finally, Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Alibaba Group has an average rating of "Buy" and an average price target of $144.07.

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Alibaba Group Stock Up 5.0 %

Shares of Alibaba Group stock opened at $139.21 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $145.36. The stock has a market capitalization of $330.76 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 0.61 and a beta of 0.28. The company's 50 day moving average price is $107.51 and its 200-day moving average price is $97.63.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Equities research analysts forecast 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.

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