Millstone Evans Group LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,047 shares of the specialty retailer's stock, valued at approximately $258,000.
Several other hedge funds have also recently bought and sold shares of BABA. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $31,000. Sierra Ocean LLC acquired a new stake in Alibaba Group in the fourth quarter valued at approximately $32,000. Kieckhefer Group LLC purchased a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $55,000. Vision Financial Markets LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth $55,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Alibaba Group in the fourth quarter valued at $60,000. Hedge funds and other institutional investors own 13.47% of the company's stock.
Alibaba Group Stock Performance
Shares of NYSE:BABA traded down $1.83 on Tuesday, reaching $132.65. 17,886,228 shares of the company's stock were exchanged, compared to its average volume of 19,036,118. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The business's 50-day moving average is $117.57 and its two-hundred day moving average is $101.28. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $315.17 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 0.61 and a beta of 0.28.
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 analysts' consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on BABA. Robert W. Baird boosted their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Benchmark lifted their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $144.07.
Read Our Latest Report on BABA
Alibaba Group Company Profile
(
Free Report)
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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