Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by American Financial Advisors LLC

American Financial Advisors LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,517 shares of the specialty retailer’s stock after purchasing an additional 549 shares during the period. American Financial Advisors LLC’s holdings in Alibaba Group were worth $428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new position in Alibaba Group during the 3rd quarter worth approximately $26,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $27,000. GPS Wealth Strategies Group LLC grew its holdings in shares of Alibaba Group by 116.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 175 shares during the period. Baystate Wealth Management LLC grew its holdings in shares of Alibaba Group by 184.6% in the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 216 shares during the period. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BABA shares. The Goldman Sachs Group reduced their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Barclays reduced their target price on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. Mizuho reaffirmed a “buy” rating and issued a $95.00 target price on shares of Alibaba Group in a research note on Wednesday, March 27th. Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $88.50 to $85.40 in a research note on Thursday, February 8th. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Stock Up 0.3 %

Shares of BABA stock traded up $0.19 during trading hours on Friday, hitting $69.07. 13,074,107 shares of the company were exchanged, compared to its average volume of 18,207,531. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The business’s 50-day simple moving average is $73.20 and its two-hundred day simple moving average is $76.00. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The stock has a market capitalization of $175.25 billion, a price-to-earnings ratio of 12.72 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. During the same period in the prior year, the business earned $2.44 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Sell-side analysts predict that Alibaba Group Holding Limited will post 7.65 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.