MML Investors Services LLC Has $5.81 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

MML Investors Services LLC increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 21.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 68,559 shares of the specialty retailer's stock after purchasing an additional 12,005 shares during the period. MML Investors Services LLC's holdings in Alibaba Group were worth $5,813,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC increased its stake in Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock valued at $13,180,000 after acquiring an additional 27,088 shares during the period. Berkshire Asset Management LLC PA bought a new position in Alibaba Group in the fourth quarter worth $911,000. Exchange Traded Concepts LLC boosted its stake in Alibaba Group by 131.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock worth $6,343,000 after buying an additional 42,446 shares in the last quarter. Bailard Inc. raised its stake in shares of Alibaba Group by 46.3% in the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock valued at $869,000 after buying an additional 3,242 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Alibaba Group by 31.3% during the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer's stock worth $1,566,000 after acquiring an additional 4,397 shares during the period. Institutional investors own 13.47% of the company's stock.

Analysts Set New Price Targets

BABA has been the subject of a number of analyst reports. Robert W. Baird raised their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Barclays upped their price target on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Citigroup reduced their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Fourteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Trading Up 0.9 %

Shares of Alibaba Group stock traded up $1.06 on Friday, hitting $120.35. 9,273,861 shares of the company's stock traded hands, compared to its average volume of 20,745,960. 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 one year low of $71.80 and a one year high of $148.43. The firm's 50-day moving average price is $126.47 and its two-hundred day moving average price is $104.83. The stock has a market capitalization of $287.60 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. On average, research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS 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.