Kraft Davis & Associates LLC Buys Shares of 6,513 Alibaba Group Holding Limited (NYSE:BABA)

Kraft Davis & Associates LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,513 shares of the specialty retailer’s stock, valued at approximately $484,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley raised its stake in shares of Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after acquiring an additional 1,406,491 shares in the last quarter. Sanders Capital LLC raised its holdings in shares of Alibaba Group by 322.7% in the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after buying an additional 11,473,618 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Alibaba Group by 299.9% during the fourth quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock valued at $6,428,000 after buying an additional 62,163 shares during the last quarter. Fiduciary Alliance LLC raised its stake in Alibaba Group by 27.1% in the 3rd quarter. Fiduciary Alliance LLC now owns 14,275 shares of the specialty retailer’s stock worth $1,238,000 after acquiring an additional 3,040 shares during the last quarter. Finally, Certuity LLC grew its stake in Alibaba Group by 122.2% during the 3rd quarter. Certuity LLC now owns 113,704 shares of the specialty retailer’s stock valued at $9,863,000 after purchasing an additional 62,543 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Trading Up 0.3 %

Shares of Alibaba Group stock traded up $0.19 during trading hours on Friday, reaching $69.07. The stock had a trading volume of 13,074,107 shares, compared to its average volume of 18,207,531. The firm has a market capitalization of $175.25 billion, a price-to-earnings ratio of 12.74 and a beta of 0.46. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $73.14 and a two-hundred day simple moving average of $75.88.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. During the same period last year, the firm earned $2.44 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BABA shares. Mizuho reaffirmed a “buy” rating and issued a $95.00 price target on shares of Alibaba Group in a report on Wednesday, March 27th. Barclays decreased their target price on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. Susquehanna cut their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a report on Thursday, February 8th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $85.00 target price on shares of Alibaba Group in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $112.91.

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.