Quartz Partners LLC Has $903,000 Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Quartz Partners LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,648 shares of the specialty retailer’s stock after purchasing an additional 240 shares during the period. Quartz Partners LLC’s holdings in Alibaba Group were worth $903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Alibaba Group by 3,180.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after buying an additional 3,740,150 shares in the last quarter. Hhlr Advisors LTD. lifted its position in shares of Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after acquiring an additional 3,448,152 shares during the period. FMR LLC grew its holdings in shares of Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after purchasing an additional 2,959,954 shares in the last quarter. Aspex Management HK Ltd bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $115,995,000. Finally, Bank of Montreal Can acquired a new position in shares of Alibaba Group in the third quarter valued at $63,929,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 5.7 %

Shares of BABA opened at $143.67 on Monday. The stock has a fifty day moving average price of $95.43 and a two-hundred day moving average price of $93.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $341.36 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 0.57 and a beta of 0.31. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $145.30.

Alibaba Group (NYSE:BABA) last issued its quarterly 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 company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.90% and a net margin of 12.29%. Analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BABA shares. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Benchmark lifted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday. Mizuho raised their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays upped their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.93.

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.