Alibaba Group Holding Limited (NYSE:BABA) Holdings Boosted by Seaview Investment Managers LLC

Seaview Investment Managers LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 54.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,534 shares of the specialty retailer’s stock after purchasing an additional 1,601 shares during the quarter. Seaview Investment Managers LLC’s holdings in Alibaba Group were worth $384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. bought a new position in Alibaba Group during the 4th quarter worth $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group during the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL increased its holdings in shares of Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC bought a new stake in Alibaba Group in the 4th quarter valued at about $52,000. Finally, Kieckhefer Group LLC acquired a new position in Alibaba Group during the 4th quarter valued at about $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BABA. Benchmark lifted their price target on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 21st. Bank of America boosted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Barclays raised their price target on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $150.36.

Alibaba Group Stock Up 2.1 %

BABA stock opened at $109.03 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $260.55 billion, a PE ratio of 15.76, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 12 month low of $69.12 and a 12 month high of $148.43. The firm has a 50 day simple moving average of $127.07 and a 200 day simple moving average of $104.68.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal 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.