Integrated Quantitative Investments LLC Buys New Stake in Alibaba Group Holding Limited (NYSE:BABA)

Integrated Quantitative Investments LLC acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,000 shares of the specialty retailer's stock, valued at approximately $1,357,000. Alibaba Group makes up 0.7% of Integrated Quantitative Investments LLC's holdings, making the stock its 25th biggest position.

Several other large investors also recently added to or reduced their stakes in the stock. Decker Retirement Planning Inc. bought a new position in Alibaba Group during the 4th quarter worth about $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group in the 4th quarter worth approximately $32,000. Kieckhefer Group LLC purchased a new position in Alibaba Group during the fourth quarter valued at approximately $55,000. Vision Financial Markets LLC bought a new position in Alibaba Group in the fourth quarter worth approximately $55,000. Finally, Golden State Wealth Management LLC purchased a new stake in Alibaba Group during the fourth quarter worth $60,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BABA. Mizuho lifted their price target on Alibaba Group from $140.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, March 28th. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday. Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Barclays increased their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $100.00 to $180.00 in a report on Monday, February 24th. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $148.14.

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Alibaba Group Stock Performance

NYSE:BABA traded down $10.99 during midday trading on Monday, hitting $105.55. The company's stock had a trading volume of 55,098,427 shares, compared to its average volume of 28,946,730. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The firm's 50 day moving average is $125.77 and its 200-day moving average is $104.24. The firm has a market cap of $250.71 billion, a P/E ratio of 15.25, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $38.19 billion. Equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share 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.