Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Increased by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,286 shares of the specialty retailer’s stock after buying an additional 433 shares during the quarter. Parallel Advisors LLC’s holdings in Alibaba Group were worth $787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the fourth quarter valued at about $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group during the fourth quarter valued at approximately $32,000. Kieckhefer Group LLC bought a new position in shares of Alibaba Group during the fourth quarter valued at approximately $55,000. Vision Financial Markets LLC bought a new position in shares of Alibaba Group during the fourth quarter valued at approximately $55,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Alibaba Group during the fourth quarter valued at approximately $60,000. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BABA. Barclays upped their target price on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Citigroup boosted their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Robert W. Baird boosted their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $144.07.

Alibaba Group Stock Performance

BABA opened at $143.29 on Thursday. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43. The business has a 50 day moving average price of $114.33 and a two-hundred day moving average price of $100.04. The company has a market capitalization of $340.44 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. 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 (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS 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 company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Research analysts predict 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.