PARUS FINANCE UK Ltd Buys 22,590 Shares of Alibaba Group Holding Limited (NYSE:BABA)

PARUS FINANCE UK Ltd raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 37.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 82,322 shares of the specialty retailer’s stock after purchasing an additional 22,590 shares during the period. Alibaba Group makes up 2.2% of PARUS FINANCE UK Ltd’s investment portfolio, making the stock its 15th biggest holding. PARUS FINANCE UK Ltd’s holdings in Alibaba Group were worth $6,980,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Lindbrook Capital LLC raised its holdings in Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock valued at $240,000 after buying an additional 101 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after acquiring an additional 108 shares during the period. TRUE Private Wealth Advisors lifted its stake 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 valued at $331,000 after purchasing an additional 112 shares during the period. TBH Global Asset Management LLC boosted its holdings in shares of Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after buying an additional 112 shares in the last quarter. Finally, Xponance Inc. boosted its stake in Alibaba Group by 4.5% during the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer’s stock worth $230,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Down 2.3 %

Shares of BABA stock opened at $132.49 on Friday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The business’s fifty day moving average is $121.60 and its 200 day moving average is $102.45. 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 company has a market capitalization of $314.80 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Robert W. Baird upped their price objective on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $100.00 to $180.00 in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $148.14.

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.