Quadrant Capital Group LLC Boosts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Quadrant Capital Group LLC raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,758 shares of the specialty retailer’s stock after purchasing an additional 659 shares during the quarter. Quadrant Capital Group LLC’s holdings in Alibaba Group were worth $1,251,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Perennial Investment Advisors LLC purchased a new position in Alibaba Group during the fourth quarter worth about $243,000. Hel Ved Capital Management Ltd acquired a new position in Alibaba Group during the 4th quarter worth approximately $2,010,000. Integrated Quantitative Investments LLC purchased a new position in shares of Alibaba Group during the 4th quarter worth approximately $1,357,000. Arete Wealth Advisors LLC lifted its holdings in shares of Alibaba Group by 3.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,249 shares of the specialty retailer’s stock valued at $700,000 after buying an additional 248 shares during the period. Finally, World Investment Advisors boosted its stake in shares of Alibaba Group by 4.0% in the fourth quarter. World Investment Advisors now owns 10,660 shares of the specialty retailer’s stock valued at $904,000 after buying an additional 408 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of recent analyst reports. Arete Research raised Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Mizuho increased their target price on shares of Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, March 28th. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Finally, Bank of America raised their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $148.14.

Alibaba Group Stock Performance

Shares of BABA opened at $116.56 on Monday. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $148.43. The company’s 50 day simple moving average is $125.77 and its 200 day simple moving average is $104.24. The company has a market capitalization of $276.85 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group (NYSE:BABA) last posted 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 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.