Vision Financial Markets LLC Takes $55,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Vision Financial Markets LLC bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 650 shares of the specialty retailer’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Foundations Investment Advisors LLC boosted its stake in shares of Alibaba Group by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock valued at $13,180,000 after buying an additional 27,088 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after buying an additional 42,446 shares during the last quarter. Bailard Inc. boosted its stake in shares of Alibaba Group by 46.3% during the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock valued at $869,000 after buying an additional 3,242 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of Alibaba Group by 63.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after buying an additional 11,192 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Alibaba Group by 7,734.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after buying an additional 266,361 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $141.19 on Thursday. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $146.76. The firm’s 50-day simple moving average is $103.27 and its 200 day simple moving average is $96.00. 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 stock has a market cap of $335.45 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.61 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share 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 company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Equities analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BABA shares. Arete Research raised Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Robert W. Baird upped their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Benchmark upped their price target on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays upped their price target on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Sanford C. Bernstein raised 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 research report on Tuesday, February 25th. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.