Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC raised its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 99,713 shares of the specialty retailer's stock after acquiring an additional 10,596 shares during the period. Alibaba Group makes up about 0.9% of Fiduciary Alliance LLC's holdings, making the stock its 24th largest position. Fiduciary Alliance LLC's holdings in Alibaba Group were worth $8,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TRUE Private Wealth Advisors increased its position in Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock worth $331,000 after purchasing an additional 112 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer's stock worth $228,000 after buying an additional 121 shares during the period. ICA Group Wealth Management LLC increased its position in shares of Alibaba Group by 14.6% in the second quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer's stock worth $72,000 after acquiring an additional 128 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer's stock valued at $361,000 after acquiring an additional 139 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Alibaba Group by 3.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer's stock valued at $515,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BABA shares. Bank of America increased their price target on Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Robert W. Baird raised their target price on Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Barclays dropped their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 19th. Finally, Benchmark reaffirmed a "buy" rating and set a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $115.13.

Alibaba Group Stock Performance

Shares of BABA traded up $0.03 during mid-day trading on Monday, hitting $80.56. The stock had a trading volume of 10,697,477 shares, compared to its average volume of 11,897,088. 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 company has a market cap of $191.97 billion, a PE ratio of 16.34, a PEG ratio of 0.44 and a beta of 0.30. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The company's fifty day simple moving average is $87.23 and its two-hundred day simple moving average is $87.60.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

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.