Beaumont Financial Advisors LLC Purchases New Shares in Alibaba Group Holding Limited (NYSE:BABA)

Beaumont Financial Advisors LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 105,866 shares of the specialty retailer's stock, valued at approximately $8,976,000.

Several other large investors have also recently made changes to their positions in BABA. Atomi Financial Group Inc. raised its stake in shares of Alibaba Group by 12.2% during the 4th quarter. Atomi Financial Group Inc. now owns 22,489 shares of the specialty retailer's stock valued at $1,907,000 after purchasing an additional 2,443 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Alibaba Group by 3.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 128,015 shares of the specialty retailer's stock valued at $10,855,000 after purchasing an additional 4,264 shares in the last quarter. Ballentine Partners LLC increased its stake in Alibaba Group by 5.9% in the 4th quarter. Ballentine Partners LLC now owns 13,892 shares of the specialty retailer's stock worth $1,178,000 after acquiring an additional 779 shares during the last quarter. Aurora Investment Managers LLC. increased its stake in Alibaba Group by 4.4% in the 4th quarter. Aurora Investment Managers LLC. now owns 76,486 shares of the specialty retailer's stock worth $6,485,000 after acquiring an additional 3,236 shares during the last quarter. Finally, FLC Capital Advisors purchased a new stake in shares of Alibaba Group in the 4th quarter valued at about $255,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 1.0 %

Shares of NYSE:BABA traded up $0.85 during midday trading on Wednesday, hitting $86.23. 7,188,431 shares of the stock traded hands, compared to its average volume of 12,027,973. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $205.39 billion, a PE ratio of 17.49, a P/E/G ratio of 0.45 and a beta of 0.30. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $117.82. The business's 50 day moving average is $85.73 and its two-hundred day moving average is $88.01.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $1.82 EPS. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on BABA. Benchmark restated a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Bank of America raised their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Citigroup upped their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Macquarie upgraded Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target on the stock in a research report on Monday, October 7th. Finally, Barclays cut their price objective on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $115.13.

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.