Alibaba Group Holding Limited (NYSE:BABA) Stock Position Lifted by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,373 shares of the specialty retailer’s stock after buying an additional 152 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Alibaba Group were worth $4,017,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Appaloosa LP raised its stake in shares of Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock valued at $1,004,181,000 after purchasing an additional 1,843,158 shares in the last quarter. Norges Bank bought a new stake in shares of Alibaba Group during the 4th quarter worth about $585,479,000. Fisher Asset Management LLC lifted its stake in shares of Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock worth $431,906,000 after acquiring an additional 78,757 shares during the period. FMR LLC boosted its holdings in shares of Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after acquiring an additional 2,959,954 shares in the last quarter. Finally, North of South Capital LLP increased its stake in shares of Alibaba Group by 17.9% during the fourth quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer’s stock valued at $167,525,000 after acquiring an additional 300,432 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 2.3 %

Shares of BABA stock opened at $132.49 on Monday. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $148.43. The company has a market cap 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. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $121.60 and its two-hundred day moving average is $102.70.

Alibaba Group (NYSE:BABA) last posted its 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 firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Equities analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BABA. Robert W. Baird upped their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Barclays raised their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Alibaba Group presently has an average rating of “Buy” and a consensus price target of $148.14.

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.