Signaturefd LLC Purchases 842 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Signaturefd LLC lifted its position in Alibaba Group Holding Limited (NYSE:BABA) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,705 shares of the specialty retailer’s stock after acquiring an additional 842 shares during the period. Signaturefd LLC’s holdings in Alibaba Group were worth $2,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BABA. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the fourth quarter worth $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group in the 4th quarter worth about $32,000. Assetmark Inc. increased its stake in shares of Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 275 shares in the last quarter. Kieckhefer Group LLC purchased a new position in Alibaba Group during the 4th quarter valued at about $55,000. Finally, Vision Financial Markets LLC bought a new stake in Alibaba Group during the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 4.6 %

NYSE BABA opened at $147.56 on Tuesday. The stock’s 50-day moving average price is $111.98 and its 200-day moving average price is $99.32. The company has a market capitalization of $350.60 billion, a P/E ratio of 21.32, 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. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $148.43.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations 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 predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. increased their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Robert W. Baird raised their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $144.07.

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.