Milestone Asset Management LLC Purchases 20,635 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Milestone Asset Management LLC lifted its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 108.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,639 shares of the specialty retailer's stock after acquiring an additional 20,635 shares during the quarter. Milestone Asset Management LLC's holdings in Alibaba Group were worth $3,361,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. TRUE Private Wealth Advisors grew its stake in Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock valued at $331,000 after buying an additional 112 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer's stock valued at $228,000 after buying an additional 121 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Alibaba Group by 3.6% in the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer's stock valued at $324,000 after buying an additional 134 shares during the last quarter. Wynn Capital LLC grew its stake in Alibaba Group by 1.0% in the 4th quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer's stock valued at $1,103,000 after buying an additional 135 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer's stock valued at $361,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

BABA stock traded up $6.37 during trading on Thursday, hitting $103.09. 35,083,126 shares of the stock traded hands, compared to its average volume of 18,616,424. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $117.82. The stock has a market cap of $245.55 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 0.37 and a beta of 0.30. The company has a 50 day simple moving average of $85.93 and a 200 day simple moving average of $88.52. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 EPS. Equities analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of research reports. Bank of America increased their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Barclays reduced their price target on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, November 19th. Benchmark reissued a "buy" rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, Macquarie raised shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target for the company in a report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average price target of $115.13.

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.