5,176 Shares in Alibaba Group Holding Limited (NYSE:BABA) Acquired by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC bought a new position in Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, Holdings Channel reports. The firm bought 5,176 shares of the specialty retailer’s stock, valued at approximately $439,000.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BABA. Robert W. Baird lifted their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Citigroup reduced their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. increased their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Fourteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $150.36.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $125.32 on Friday. The business’s 50-day moving average price is $124.36 and its 200-day moving average price is $106.15. The firm has a market capitalization of $299.25 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 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 business had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.