Fullerton Fund Management Co Ltd. Purchases Shares of 64,397 Alibaba Group Holding Limited (NYSE:BABA)

Fullerton Fund Management Co Ltd. purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 64,397 shares of the specialty retailer’s stock, valued at approximately $5,460,000.

Other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the 4th quarter valued at $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the fourth quarter valued at $32,000. Strategic Investment Solutions Inc. IL boosted its position in Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. Redwood Park Advisors LLC acquired a new stake in Alibaba Group during the 4th quarter worth about $52,000. Finally, Kieckhefer Group LLC bought a new position in shares of Alibaba Group in the 4th quarter worth about $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.4 %

Shares of NYSE:BABA opened at $125.32 on Friday. The stock has a market cap of $299.25 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 0.61 and a beta of 0.24. The business’s 50 day moving average is $124.36 and its 200 day moving average is $106.15. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. 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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on BABA. Mizuho raised Alibaba Group to a “strong-buy” rating in a research note on Friday, April 18th. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Robert W. Baird increased their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Fourteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently 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.