Milestone Asset Management LLC Raises Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Milestone Asset Management LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 108.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,639 shares of the specialty retailer’s stock after acquiring an additional 20,635 shares during the quarter. Milestone Asset Management LLC’s holdings in Alibaba Group were worth $3,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BABA. Strategic Investment Solutions Inc. IL bought a new position in shares of Alibaba Group in the second quarter worth approximately $27,000. Concord Wealth Partners boosted its stake in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the 4th quarter worth approximately $31,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the 3rd quarter valued at approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Alibaba Group in the 2nd quarter worth $38,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $96.76 on Thursday. The company has a market capitalization of $230.17 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 0.37 and a beta of 0.30. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The firm has a 50-day moving average of $85.73 and a two-hundred day moving average of $88.46. 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 quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Bank of America raised their target price on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.13.

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.