Pine Valley Investments Ltd Liability Co Buys 20,654 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Pine Valley Investments Ltd Liability Co increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 21.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,981 shares of the specialty retailer's stock after purchasing an additional 20,654 shares during the quarter. Alibaba Group makes up approximately 0.7% of Pine Valley Investments Ltd Liability Co's portfolio, making the stock its 25th largest position. Pine Valley Investments Ltd Liability Co's holdings in Alibaba Group were worth $12,202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Primecap Management Co. CA raised its stake in shares of Alibaba Group by 5.2% during the 2nd quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer's stock worth $1,574,711,000 after purchasing an additional 1,074,175 shares in the last quarter. Sanders Capital LLC raised its position in Alibaba Group by 0.3% during the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer's stock valued at $1,959,021,000 after acquiring an additional 60,667 shares in the last quarter. Hhlr Advisors LTD. lifted its stake in Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after acquiring an additional 3,448,152 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Alibaba Group by 1,392.6% in the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock worth $650,043,000 after acquiring an additional 5,715,155 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Alibaba Group by 3,180.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock worth $409,385,000 after purchasing an additional 3,740,150 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BABA. Benchmark reiterated a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Bank of America increased their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Sanford C. Bernstein upped their target price on Alibaba Group from $80.00 to $85.00 and gave the stock a "market perform" rating in a research report on Friday, August 16th. Susquehanna lowered their price target on Alibaba Group from $135.00 to $130.00 and set a "positive" rating on the stock in a report on Monday, August 19th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Alibaba Group has a consensus rating of "Moderate Buy" and an average price target of $114.07.

Alibaba Group Stock Performance

Shares of BABA stock traded up $0.25 during mid-day trading on Thursday, reaching $89.23. The stock had a trading volume of 9,931,425 shares, compared to its average volume of 17,494,549. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82. The firm has a market cap of $213.24 billion, a PE ratio of 18.09, a P/E/G ratio of 0.42 and a beta of 0.30. The firm's 50 day simple moving average is $95.83 and its 200 day simple moving average is $86.23. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping 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 return on equity of 12.28% and a net margin of 8.98%. Alibaba Group's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.82 earnings per share. On average, analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

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.