Mirabella Financial Services LLP Invests $3.15 Million in Alibaba Group Holding Limited (NYSE:BABA)

Mirabella Financial Services LLP purchased a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 37,200 shares of the specialty retailer's stock, valued at approximately $3,154,000.

Other institutional investors and hedge funds have also modified their holdings of the company. MML Investors Services LLC raised its holdings in Alibaba Group by 21.2% in the 4th quarter. MML Investors Services LLC now owns 68,559 shares of the specialty retailer's stock worth $5,813,000 after purchasing an additional 12,005 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Alibaba Group by 4.9% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 51,566 shares of the specialty retailer's stock valued at $4,372,000 after purchasing an additional 2,421 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Alibaba Group by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,741,485 shares of the specialty retailer's stock worth $147,661,000 after purchasing an additional 103,916 shares during the period. First Trust Advisors LP increased its stake in shares of Alibaba Group by 2.2% in the fourth quarter. First Trust Advisors LP now owns 47,897 shares of the specialty retailer's stock worth $4,061,000 after purchasing an additional 1,037 shares in the last quarter. Finally, GeoWealth Management LLC raised its position in shares of Alibaba Group by 119.1% during the 4th quarter. GeoWealth Management LLC now owns 1,126 shares of the specialty retailer's stock valued at $95,000 after purchasing an additional 612 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. 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 report on Friday, February 21st. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Robert W. Baird lifted their target price on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Mizuho upgraded shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, April 18th. Fourteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Trading Down 0.1 %

BABA traded down $0.08 on Thursday, hitting $118.89. The company had a trading volume of 6,417,194 shares, compared to its average volume of 29,449,133. The company has a market cap of $284.11 billion, a PE ratio of 17.18, a PEG ratio of 0.61 and a beta of 0.24. 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 business's fifty day simple moving average is $126.71 and its 200 day simple moving average is $104.76. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly 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). 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. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

About Alibaba Group

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.