Pavion Blue Capital LLC Has $221,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Pavion Blue Capital LLC boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,610 shares of the specialty retailer’s stock after purchasing an additional 210 shares during the period. Pavion Blue Capital LLC’s holdings in Alibaba Group were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. TRUE Private Wealth Advisors boosted its position in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after purchasing an additional 112 shares during the last quarter. TBH Global Asset Management LLC boosted its position in Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after purchasing an additional 112 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after purchasing an additional 121 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in Alibaba Group by 3.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock valued at $329,000 after buying an additional 124 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 5.7 %

Shares of BABA opened at $143.67 on Friday. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $341.36 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 0.57 and a beta of 0.31. The stock’s 50-day moving average price is $95.43 and its 200 day moving average price is $92.99.

Alibaba Group (NYSE:BABA) last issued 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BABA shares. Mizuho raised their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Bank of America raised their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. Citigroup raised their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Barclays lifted their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.93.

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.