Strategic Investment Solutions Inc. IL Boosts Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Strategic Investment Solutions Inc. IL boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 59.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 539 shares of the specialty retailer’s stock after purchasing an additional 200 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in Alibaba Group were worth $46,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Virtu Financial LLC grew its holdings in shares of Alibaba Group by 1,033.1% in the third quarter. Virtu Financial LLC now owns 134,686 shares of the specialty retailer’s stock valued at $14,293,000 after purchasing an additional 122,800 shares in the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of Alibaba Group in the 3rd quarter worth about $637,000. Pine Valley Investments Ltd Liability Co raised its position in shares of Alibaba Group by 21.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 114,981 shares of the specialty retailer’s stock valued at $12,202,000 after buying an additional 20,654 shares in the last quarter. World Investment Advisors LLC lifted its holdings in shares of Alibaba Group by 17.0% in the 3rd quarter. World Investment Advisors LLC now owns 10,252 shares of the specialty retailer’s stock valued at $1,088,000 after acquiring an additional 1,486 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Alibaba Group in the 3rd quarter valued at about $89,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the topic of several recent research reports. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Barclays raised their target price 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. Robert W. Baird upped their price target 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. Citigroup decreased their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Benchmark upped their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $150.36.

Alibaba Group Stock Performance

Shares of BABA stock opened at $109.03 on Friday. The firm has a market cap of $260.55 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. 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 company’s 50 day moving average is $127.14 and its 200 day moving average is $104.77.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. On average, sell-side analysts anticipate 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.