Cowa LLC grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 98.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,090 shares of the specialty retailer's stock after purchasing an additional 3,021 shares during the period. Cowa LLC's holdings in Alibaba Group were worth $516,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Concord Wealth Partners boosted its stake in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after buying an additional 155 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in Alibaba Group during the fourth quarter valued at about $31,000. Sierra Ocean LLC bought a new position in Alibaba Group during the fourth quarter valued at about $32,000. Highline Wealth Partners LLC bought a new position in Alibaba Group during the third quarter valued at about $36,000. Finally, Assetmark Inc. boosted its stake in Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock valued at $42,000 after buying an additional 275 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.
Alibaba Group Stock Up 5.7 %
NYSE BABA traded up $7.70 during trading on Friday, reaching $143.67. 73,657,797 shares of the company's stock were exchanged, compared to its average volume of 39,341,764. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.30. The firm has a market capitalization of $341.36 billion, a PE ratio of 20.76, a P/E/G ratio of 0.57 and a beta of 0.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company's fifty day simple moving average is $95.43 and its 200-day simple moving average is $92.88.
Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.90% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.
Analyst Ratings Changes
Several research analysts recently weighed in on BABA shares. Mizuho raised their target price on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Barclays increased their price target on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research report on Friday. JPMorgan Chase & Co. increased their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Citigroup increased their price target on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.93.
View Our Latest Stock Report on Alibaba Group
Alibaba Group Profile
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Free Report)
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.
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