Advanced Portfolio Management LLC Makes New $848,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Advanced Portfolio Management LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the specialty retailer’s stock, valued at approximately $848,000.

Several other institutional investors have also recently made changes to their positions in the company. Foundations Investment Advisors LLC lifted its stake in Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after purchasing an additional 27,088 shares during the last quarter. Berkshire Asset Management LLC PA bought a new stake in shares of Alibaba Group during the 4th quarter worth approximately $911,000. Exchange Traded Concepts LLC boosted its holdings in Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after acquiring an additional 42,446 shares during the period. Bailard Inc. increased its stake in Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock worth $869,000 after purchasing an additional 3,242 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Alibaba Group by 31.3% during the fourth quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer’s stock worth $1,566,000 after purchasing an additional 4,397 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA opened at $125.86 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a market cap of $300.77 billion, a PE ratio of 18.19, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The stock has a fifty day moving average price of $125.16 and a 200-day moving average price of $105.31.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results 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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Equities research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BABA shares. Citigroup cut their price target on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Benchmark increased their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Mizuho raised Alibaba Group to a “strong-buy” rating in a research report on Friday, April 18th. Finally, Bank of America increased 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. Fourteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $150.36.

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.