Financial Sense Advisors Inc. Makes New $713,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Financial Sense Advisors Inc. bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,412 shares of the specialty retailer's stock, valued at approximately $713,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Concord Wealth Partners boosted its position in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 155 shares during the period. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the third quarter valued at approximately $36,000. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group in the fourth quarter valued at approximately $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group during the fourth quarter valued at approximately $32,000. Finally, Assetmark Inc. lifted its position 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 purchasing an additional 275 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Analysts Set New Price Targets

BABA has been the subject of several research analyst reports. Benchmark lifted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research report on Friday. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Friday. Bank of America lifted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday. Mizuho lifted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $131.93.

Alibaba Group Stock Up 5.7 %

Alibaba Group stock traded up $7.70 during mid-day trading on Friday, reaching $143.67. The stock had a trading volume of 73,657,797 shares, compared to its average volume of 39,341,764. The company has a market capitalization of $341.36 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 0.57 and a beta of 0.31. The company has a 50-day moving average price of $95.43 and a two-hundred day moving average price of $92.99. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share 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 during the quarter, compared to analysts' expectations of $38.19 billion. On average, analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

About Alibaba Group

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.