Mariner LLC Has $6.53 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Mariner LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,046 shares of the specialty retailer's stock after buying an additional 6,968 shares during the period. Mariner LLC's holdings in Alibaba Group were worth $6,533,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Appaloosa LP lifted its holdings in shares of Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares during the period. Norges Bank bought a new position in shares of Alibaba Group during the 4th quarter worth approximately $585,479,000. Fisher Asset Management LLC boosted its stake in Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock valued at $431,906,000 after buying an additional 78,757 shares in the last quarter. Renaissance Technologies LLC grew its position in Alibaba Group by 208.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after acquiring an additional 2,024,640 shares during the period. Finally, North of South Capital LLP raised its stake in Alibaba Group by 17.9% during the fourth quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer's stock worth $167,525,000 after acquiring an additional 300,432 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BABA has been the topic of several analyst reports. Mizuho raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, April 18th. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $100.00 to $180.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. increased their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Fourteen equities research 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 company presently has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Trading Up 3.6 %

Shares of BABA traded up $4.21 on Wednesday, reaching $120.09. 15,464,744 shares of the company's stock were exchanged, compared to its average volume of 20,682,243. Alibaba Group Holding Limited has a 12 month low of $70.99 and a 12 month high of $148.43. The stock has a market capitalization of $286.98 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. 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 business has a 50 day moving average price of $126.83 and a two-hundred day moving average price of $104.67.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $38.19 billion. Research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share 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.