Brooklyn Investment Group Invests $87,000 in Alibaba Group Holding Limited (NYSE:BABA)

Brooklyn Investment Group bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,026 shares of the specialty retailer’s stock, valued at approximately $87,000.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Alibaba Group by 8.4% in the second quarter. Envestnet Asset Management Inc. now owns 348,934 shares of the specialty retailer’s stock valued at $25,123,000 after acquiring an additional 27,058 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Alibaba Group by 8.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,007 shares of the specialty retailer’s stock worth $937,000 after purchasing an additional 964 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Alibaba Group by 83.5% during the second quarter. XTX Topco Ltd now owns 12,885 shares of the specialty retailer’s stock worth $928,000 after purchasing an additional 5,865 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Alibaba Group by 9.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,382 shares of the specialty retailer’s stock valued at $244,000 after buying an additional 290 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Alibaba Group by 226.7% in the second quarter. Canada Pension Plan Investment Board now owns 160,400 shares of the specialty retailer’s stock valued at $11,549,000 after buying an additional 111,300 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on BABA. Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. Bank of America boosted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Finally, Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Stock Performance

Shares of BABA stock opened at $85.16 on Monday. The firm’s 50 day moving average is $86.06 and its 200 day moving average is $87.78. The stock has a market capitalization of $202.93 billion, a P/E ratio of 17.27, a PEG ratio of 0.40 and a beta of 0.30. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

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.