Diametric Capital LP Purchases 2,530 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Diametric Capital LP raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 47.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,830 shares of the specialty retailer’s stock after purchasing an additional 2,530 shares during the period. Diametric Capital LP’s holdings in Alibaba Group were worth $664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group during the 4th quarter worth $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group in the fourth quarter worth about $32,000. Kieckhefer Group LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $55,000. Vision Financial Markets LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at approximately $55,000. Finally, Golden State Wealth Management LLC acquired a new position in Alibaba Group during the 4th quarter worth approximately $60,000. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BABA. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Benchmark boosted their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Sanford C. Bernstein upgraded 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 report on Tuesday, February 25th. Finally, Robert W. Baird raised their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $148.14.

Alibaba Group Stock Down 0.1 %

Alibaba Group stock opened at $132.32 on Tuesday. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm’s 50-day simple moving average is $122.54 and its 200 day simple moving average is $103.03. The stock has a market cap of $314.39 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last announced 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 during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

About Alibaba Group

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.