Parkwood LLC Purchases Shares of 59,133 Alibaba Group Holding Limited (NYSE:BABA)

Parkwood LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 59,133 shares of the specialty retailer’s stock, valued at approximately $5,014,000.

Other large investors also recently modified their holdings of the company. Rings Capital Management LLC boosted its stake in Alibaba Group by 1.4% in the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock valued at $602,000 after purchasing an additional 100 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after buying an additional 101 shares in the last quarter. Global Endowment Management LP boosted its position in shares of Alibaba Group by 1.4% in the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock valued at $642,000 after acquiring an additional 106 shares during the period. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock valued at $266,000 after acquiring an additional 108 shares in the last quarter. Finally, TBH Global Asset Management LLC increased its position in Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after acquiring an additional 112 shares during the period. 13.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

BABA has been the subject of a number of recent research reports. Benchmark boosted their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 21st. Citigroup cut their price target on Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. upped their target price on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Fourteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $150.36.

Alibaba Group Price Performance

Alibaba Group stock opened at $131.70 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. The stock has a market capitalization of $314.49 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The stock has a fifty day moving average of $124.03 and a 200-day moving average of $106.70.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS 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 for the quarter, compared to analyst estimates of $38.19 billion. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.