SRN Advisors LLC Raises Holdings in Alibaba Group Holding Limited (NYSE:BABA)

SRN Advisors LLC increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 60.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,000 shares of the specialty retailer’s stock after purchasing an additional 6,375 shares during the period. Alibaba Group accounts for about 1.3% of SRN Advisors LLC’s holdings, making the stock its 17th biggest holding. SRN Advisors LLC’s holdings in Alibaba Group were worth $1,441,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its stake in Alibaba Group by 6.9% during the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after acquiring an additional 178,999 shares during the last quarter. Modera Wealth Management LLC acquired a new stake in shares of Alibaba Group during the third quarter worth $225,000. DekaBank Deutsche Girozentrale grew its position in Alibaba Group by 86.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 71,870 shares of the specialty retailer’s stock valued at $7,996,000 after buying an additional 33,410 shares during the last quarter. Concord Wealth Partners increased its stake in Alibaba Group by 155.0% in the 3rd 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 period. Finally, Old Port Advisors purchased a new position in Alibaba Group during the 3rd quarter worth $253,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BABA. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Benchmark increased their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Robert W. Baird lifted their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Barclays increased their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alibaba Group presently has an average rating of “Buy” and an average price target of $144.07.

Alibaba Group Stock Up 3.9 %

Shares of NYSE BABA opened at $139.18 on Thursday. The firm’s 50-day moving average is $98.31 and its two-hundred day moving average is $94.13. The company has a market capitalization of $330.69 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. 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 $145.30.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Equities 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.