Stonehaven Wealth & Tax Solutions LLC Buys Shares of 3,070 Alibaba Group Holding Limited (NYSE:BABA)

Stonehaven Wealth & Tax Solutions LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,070 shares of the specialty retailer's stock, valued at approximately $260,000.

Several other institutional investors have also bought and sold shares of the company. Evergreen Capital Management LLC lifted its stake in shares of Alibaba Group by 4.8% during the 4th quarter. Evergreen Capital Management LLC now owns 85,234 shares of the specialty retailer's stock valued at $7,227,000 after buying an additional 3,879 shares in the last quarter. Integrity Wealth Advisors Inc. purchased a new position in shares of Alibaba Group in the fourth quarter valued at $258,000. Guggenheim Capital LLC raised its stake in shares of Alibaba Group by 11.0% during the 4th quarter. Guggenheim Capital LLC now owns 7,794 shares of the specialty retailer's stock valued at $661,000 after purchasing an additional 770 shares during the period. Chiron Investment Management LLC boosted its stake in Alibaba Group by 40.6% in the 4th quarter. Chiron Investment Management LLC now owns 36,420 shares of the specialty retailer's stock worth $3,088,000 after purchasing an additional 10,511 shares during the period. Finally, Causeway Capital Management LLC increased its position in shares of Alibaba Group by 7.2% during the fourth quarter. Causeway Capital Management LLC now owns 951,168 shares of the specialty retailer's stock valued at $80,650,000 after buying an additional 63,851 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

Wall Street Analyst Weigh In

BABA has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Robert W. Baird raised their price objective on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Arete Research raised Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Mizuho lifted their target price on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Finally, Barclays boosted their price target on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Alibaba Group currently has a consensus rating of "Buy" and a consensus price target of $150.36.

Alibaba Group Stock Up 2.1 %

BABA stock traded up $2.28 during trading on Friday, hitting $109.03. 17,805,254 shares of the stock traded hands, compared to its average volume of 20,682,702. 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 cap of $260.55 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 1 year low of $69.12 and a 1 year high of $148.43. The firm's 50 day moving average is $127.07 and its two-hundred day moving average is $104.62.

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