Banque de Luxembourg S.A. Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Banque de Luxembourg S.A. bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 905 shares of the specialty retailer’s stock, valued at approximately $77,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group in the fourth quarter worth $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group during the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL increased its stake in 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 last quarter. Redwood Park Advisors LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at about $52,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Alibaba Group during the fourth quarter worth about $55,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 4.4 %

Shares of BABA opened at $125.86 on Friday. The firm has a fifty day simple moving average of $125.16 and a two-hundred day simple moving average of $105.33. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The stock has a market capitalization of $300.54 billion, a P/E ratio of 18.19, a PEG ratio of 0.61 and a beta of 0.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The business had revenue of $38.38 billion during 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%. On average, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Benchmark upped their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Citigroup lowered their price target on Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Arete Research upgraded Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Fourteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $150.36.

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.