Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Raised by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,758 shares of the specialty retailer’s stock after buying an additional 659 shares during the quarter. Quadrant Capital Group LLC’s holdings in Alibaba Group were worth $1,251,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth approximately $32,000. Vision Financial Markets LLC acquired a new position in Alibaba Group during the 4th quarter valued at approximately $55,000. Kieckhefer Group LLC bought a new position in Alibaba Group during the 4th quarter worth $55,000. Finally, Golden State Wealth Management LLC bought a new stake in Alibaba Group in the fourth quarter valued at $60,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $116.56 on Monday. The firm has a 50-day moving average of $125.77 and a two-hundred day moving average of $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 current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $148.43.

Alibaba Group (NYSE:BABA) last issued its earnings results 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). The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Arete Research raised Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Robert W. Baird increased their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Bank of America raised their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus 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.