Brooklyn Investment Group Makes New $87,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Brooklyn Investment Group purchased a new position in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,026 shares of the specialty retailer’s stock, valued at approximately $87,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Generate Investment Management Ltd purchased a new position in shares of Alibaba Group during the third quarter valued at $12,656,000. Nations Financial Group Inc. IA ADV increased its position in Alibaba Group by 63.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after purchasing an additional 11,192 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after purchasing an additional 50,000 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after purchasing an additional 266,361 shares during the period. Finally, Aspex Management HK Ltd bought a new position in shares of Alibaba Group during the third quarter valued at approximately $115,995,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BABA shares. Benchmark reiterated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Monday, October 7th. Barclays decreased their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Robert W. Baird increased their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Stock Up 3.3 %

NYSE:BABA opened at $85.16 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company’s fifty day moving average price is $86.06 and its 200-day moving average price is $87.78. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The firm has a market capitalization of $202.93 billion, a P/E ratio of 17.27, a PEG ratio of 0.40 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.82 EPS. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Alibaba Group Company 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.