Park Avenue Securities LLC Buys 4,397 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Park Avenue Securities LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,465 shares of the specialty retailer's stock after acquiring an additional 4,397 shares during the period. Park Avenue Securities LLC's holdings in Alibaba Group were worth $1,566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. TRUE Private Wealth Advisors grew its holdings in shares of Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock worth $331,000 after acquiring an additional 112 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of 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 purchasing an additional 121 shares during the period. Sivia Capital Partners LLC raised its holdings in Alibaba Group by 3.6% during the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer's stock worth $324,000 after buying an additional 134 shares during the period. Wynn Capital LLC lifted its stake in Alibaba Group by 1.0% during the fourth 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 in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Alibaba Group by 4.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer's stock worth $361,000 after buying an additional 139 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

BABA traded up $2.73 on Friday, hitting $85.16. The company had a trading volume of 21,072,995 shares, compared to its average volume of 10,289,486. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company's fifty day moving average price is $86.06 and its 200 day moving average price is $87.78. The stock has a market cap of $202.93 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 0.40 and a beta of 0.30.

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 (EPS) for the quarter, topping the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Alibaba Group's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. Equities analysts predict that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the subject of several research analyst reports. StockNews.com downgraded shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. Robert W. Baird raised their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Benchmark reissued a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Macquarie upgraded 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.