Infusive Asset Management Inc. Purchases New Position in Alibaba Group Holding Limited (NYSE:BABA)

Infusive Asset Management Inc. purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,446 shares of the specialty retailer's stock, valued at approximately $1,564,000.

A number of other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in 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 valued at approximately $32,000. Strategic Investment Solutions Inc. IL grew its position in Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after acquiring an additional 200 shares during the last quarter. Redwood Park Advisors LLC acquired a new position in Alibaba Group in the fourth quarter worth $52,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Alibaba Group during the fourth quarter worth $55,000. Institutional investors own 13.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BABA shares. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Citigroup lowered their price target 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. Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Mizuho upgraded shares of Alibaba Group to a "strong-buy" rating in a report on Friday. Fourteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $150.36.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded up $6.61 on Tuesday, reaching $116.76. 14,939,697 shares of the company's stock were exchanged, compared to its average volume of 29,599,340. The company has a fifty day moving average of $126.90 and a 200-day moving average of $104.59. Alibaba Group Holding Limited has a twelve month low of $70.99 and a twelve month high of $148.43. 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 company has a market capitalization of $279.03 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 0.61 and a beta of 0.24.

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