4,254 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,254 shares of the specialty retailer’s stock, valued at approximately $361,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group in the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group during the fourth quarter valued at approximately $32,000. Kieckhefer Group LLC acquired a new position in Alibaba Group during the fourth quarter valued at approximately $55,000. Vision Financial Markets LLC purchased a new stake in Alibaba Group during the fourth quarter worth approximately $55,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Alibaba Group in the 4th quarter valued at $60,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 3.6 %

BABA opened at $107.89 on Friday. The stock has a market capitalization of $256.26 billion, a PE ratio of 15.59, a P/E/G ratio of 0.61 and a beta of 0.24. 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 12-month low of $68.36 and a 12-month high of $148.43. The firm’s fifty day moving average price is $126.59 and its 200 day moving average price is $104.64.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion during 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, research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Barclays upped their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $100.00 to $180.00 in a report on Monday, February 24th. Arete Research raised Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Mizuho increased their price objective on shares of Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, March 28th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $150.36.

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.