Denali Advisors LLC Raises Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Denali Advisors LLC raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 38.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,167 shares of the specialty retailer’s stock after buying an additional 1,980 shares during the quarter. Denali Advisors LLC’s holdings in Alibaba Group were worth $608,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB grew its stake in shares of Alibaba Group by 6.9% in the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after buying an additional 178,999 shares during the last quarter. Modera Wealth Management LLC bought a new stake in Alibaba Group in the third quarter worth $225,000. DekaBank Deutsche Girozentrale grew its stake in shares of Alibaba Group by 86.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 71,870 shares of the specialty retailer’s stock worth $7,996,000 after acquiring an additional 33,410 shares during the last quarter. Concord Wealth Partners increased its holdings in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Finally, Old Port Advisors purchased a new position in shares of Alibaba Group in the 3rd quarter worth about $253,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 3.9 %

Shares of NYSE:BABA opened at $139.18 on Thursday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $145.30. The stock has a market capitalization of $330.69 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The stock’s 50-day simple moving average is $98.31 and its two-hundred day simple moving average is $94.13.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on BABA shares. Benchmark increased their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” 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 raised their price target for the company from $104.00 to $165.00 in a research report on Tuesday. Barclays boosted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Bank of America increased their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $100.00 to $180.00 in a research note on Monday. Fifteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $144.07.

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.