Sierra Capital LLC Purchases 380 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Sierra Capital LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,967 shares of the specialty retailer’s stock after acquiring an additional 380 shares during the quarter. Sierra Capital LLC’s holdings in Alibaba Group were worth $506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quartz Partners LLC increased its position in shares of Alibaba Group by 2.3% during the fourth quarter. Quartz Partners LLC now owns 10,648 shares of the specialty retailer’s stock worth $903,000 after purchasing an additional 240 shares in the last quarter. Rothschild Investment LLC grew its stake in Alibaba Group by 1,504.7% during the 4th quarter. Rothschild Investment LLC now owns 1,717 shares of the specialty retailer’s stock worth $146,000 after buying an additional 1,610 shares during the last quarter. Waverton Investment Management Ltd acquired a new position in Alibaba Group during the 4th quarter valued at about $3,406,000. Boothe Investment Group Inc. raised its stake in Alibaba Group by 1.9% in the fourth quarter. Boothe Investment Group Inc. now owns 90,428 shares of the specialty retailer’s stock valued at $7,667,000 after buying an additional 1,725 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Alibaba Group during the fourth quarter worth about $7,205,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BABA has been the subject of several research analyst reports. Citigroup increased their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Robert W. Baird lifted their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $180.00 in a research report on Monday. Benchmark boosted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. Finally, Barclays increased their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.36.

Alibaba Group Trading Down 10.4 %

Shares of NYSE BABA opened at $128.87 on Tuesday. The stock has a fifty day simple moving average of $96.29 and a 200-day simple moving average of $93.43. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $145.30. The stock has a market capitalization of $306.18 billion, a PE ratio of 18.62, a PEG ratio of 0.61 and a beta of 0.31. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data 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 company had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current 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.