TCG Advisory Services LLC Buys 5,362 Shares of Alibaba Group Holding Limited (NYSE:BABA)

TCG Advisory Services LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 75.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,426 shares of the specialty retailer’s stock after purchasing an additional 5,362 shares during the period. TCG Advisory Services LLC’s holdings in Alibaba Group were worth $963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Robeco Institutional Asset Management B.V. grew its stake in Alibaba Group by 5.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,936 shares of the specialty retailer’s stock valued at $4,765,000 after acquiring an additional 3,084 shares during the period. Raymond James & Associates grew its stake in Alibaba Group by 5.6% in the third quarter. Raymond James & Associates now owns 384,537 shares of the specialty retailer’s stock valued at $33,355,000 after acquiring an additional 20,326 shares during the period. Stratos Wealth Partners LTD. grew its stake in Alibaba Group by 8.2% in the third quarter. Stratos Wealth Partners LTD. now owns 12,896 shares of the specialty retailer’s stock valued at $1,119,000 after acquiring an additional 979 shares during the period. Independent Advisor Alliance grew its stake in Alibaba Group by 6.1% in the third quarter. Independent Advisor Alliance now owns 9,139 shares of the specialty retailer’s stock valued at $793,000 after acquiring an additional 525 shares during the period. Finally, NorthRock Partners LLC acquired a new position in Alibaba Group in the third quarter valued at about $279,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Up 1.2 %

BABA traded up $1.00 on Friday, hitting $81.33. 19,355,807 shares of the company were exchanged, compared to its average volume of 15,275,838. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $102.50. The company has a market cap of $206.37 billion, a PE ratio of 15.01 and a beta of 0.44. 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 stock’s fifty day moving average is $73.47 and its 200-day moving average is $75.22.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.44 EPS. Equities research analysts predict that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on BABA shares. Susquehanna decreased their target price on Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, February 8th. Robert W. Baird cut their price target on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and cut their price target for the company from $88.50 to $85.40 in a report on Thursday, February 8th. Finally, Mizuho restated a “buy” rating and issued a $95.00 price target on shares of Alibaba Group in a report on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.91.

Alibaba Group Company 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.