Sigma Planning Corp raised its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 15.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,261 shares of the specialty retailer’s stock after acquiring an additional 1,082 shares during the quarter. Sigma Planning Corp’s holdings in Alibaba Group were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BABA. Boussard & Gavaudan Investment Management LLP lifted its position in shares of Alibaba Group by 37.1% during the third quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after acquiring an additional 3,141,790 shares in the last quarter. Egerton Capital UK LLP purchased a new stake in shares of Alibaba Group during the third quarter worth $507,041,000. Third Point LLC lifted its position in shares of Alibaba Group by 46.7% during the third quarter. Third Point LLC now owns 6,600,000 shares of the specialty retailer’s stock worth $1,139,886,000 after acquiring an additional 2,100,000 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Alibaba Group by 51.3% during the third quarter. Legal & General Group Plc now owns 3,462,294 shares of the specialty retailer’s stock worth $597,897,000 after acquiring an additional 1,174,045 shares in the last quarter. Finally, Investec Asset Management LTD lifted its position in shares of Alibaba Group by 24.8% during the third quarter. Investec Asset Management LTD now owns 5,293,925 shares of the specialty retailer’s stock worth $914,314,000 after acquiring an additional 1,052,394 shares in the last quarter. 37.88% of the stock is owned by institutional investors and hedge funds.

Shares of Alibaba Group Holding Ltd (BABA) opened at $178.43 on Tuesday. Alibaba Group Holding Ltd has a 12-month low of $100.11 and a 12-month high of $206.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $454,450.00, a price-to-earnings ratio of 43.84, a P/E/G ratio of 1.43 and a beta of 2.58.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The firm had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the previous year, the business earned $1.30 EPS. analysts expect that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal year.

Several equities research analysts have issued reports on BABA shares. SunTrust Banks restated a “buy” rating and set a $205.00 target price on shares of Alibaba Group in a research report on Friday, October 20th. Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research report on Wednesday, November 8th. Needham & Company LLC increased their target price on Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Oppenheimer restated a “buy” rating and set a $220.00 target price (up previously from $200.00) on shares of Alibaba Group in a research report on Monday, November 6th. Finally, BidaskClub upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group has a consensus rating of “Buy” and a consensus target price of $211.40.

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Alibaba Group Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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