FLC Capital Advisors Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

FLC Capital Advisors acquired a new stake 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 and Exchange Commission. The institutional investor acquired 3,007 shares of the specialty retailer's stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BABA. Concord Wealth Partners lifted 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 worth $27,000 after purchasing an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group in the second quarter valued at about $27,000. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter worth about $36,000. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the 4th quarter valued at about $31,000. Finally, Assetmark Inc. grew its stake in shares of Alibaba Group by 225.4% in the 3rd 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. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of BABA stock traded up $2.73 during midday trading on Monday, hitting $85.16. 21,072,995 shares of the company were exchanged, compared to its average volume of 10,289,486. The firm has a market capitalization of $202.93 billion, a P/E ratio of 17.27, a PEG ratio of 0.40 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The firm's 50 day moving average price is $86.06 and its two-hundred day moving average price is $87.86.

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

Analysts Set New Price Targets

BABA has been the topic of several recent research reports. StockNews.com lowered shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. Barclays dropped their price target on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Bank of America lifted their price objective on Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Benchmark restated a "buy" rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, January 10th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.