Vision Financial Markets LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Vision Financial Markets LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 650 shares of the specialty retailer’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group in the fourth quarter worth about $32,000. Assetmark Inc. raised its position in Alibaba Group by 225.4% in the third 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 bought a new stake in Alibaba Group in the fourth quarter worth about $55,000. Finally, Golden State Wealth Management LLC bought a new stake in Alibaba Group in the fourth quarter worth about $60,000. 13.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Bank of America lifted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Benchmark lifted their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. 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 note on Tuesday, February 25th. Finally, Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. 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 Trading Up 8.7 %

NYSE:BABA opened at $141.19 on Thursday. The stock has a market cap of $335.45 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $146.76. The stock’s 50-day moving average is $103.27 and its two-hundred day moving average is $96.00.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) 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 analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.