Beacon Pointe Advisors LLC Acquires 561 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Beacon Pointe Advisors LLC lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 9.7% in the 4th quarter, HoldingsChannel reports. The fund owned 6,354 shares of the specialty retailer’s stock after purchasing an additional 561 shares during the period. Beacon Pointe Advisors LLC’s holdings in Alibaba Group were worth $539,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

BABA has been the topic of several recent analyst reports. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Bank of America raised their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Robert W. Baird boosted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Fourteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of “Buy” and an average price target of $150.36.

Alibaba Group Trading Up 4.4 %

Alibaba Group stock opened at $125.86 on Friday. Alibaba Group Holding Limited has a one year low of $71.80 and a one year high of $148.43. The business’s fifty day moving average is $125.16 and its 200 day moving average is $105.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $300.54 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

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.