3,046 Shares in Alibaba Group Holding Limited (NYSE:BABA) Acquired by Integrity Wealth Advisors Inc.

Integrity Wealth Advisors Inc. bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,046 shares of the specialty retailer's stock, valued at approximately $258,000.

Several other hedge funds have also bought and sold shares of the business. Foundations Investment Advisors LLC grew its stake in shares of Alibaba Group by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock valued at $13,180,000 after acquiring an additional 27,088 shares during the period. Berkshire Asset Management LLC PA purchased a new stake in Alibaba Group during the 4th quarter valued at approximately $911,000. Exchange Traded Concepts LLC raised its position in shares of Alibaba Group by 131.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock valued at $6,343,000 after buying an additional 42,446 shares during the last quarter. Bailard Inc. lifted its holdings in shares of Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after buying an additional 3,242 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Alibaba Group by 31.3% in the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer's stock worth $1,566,000 after purchasing an additional 4,397 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BABA shares. Barclays boosted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Mizuho increased their price target on Alibaba Group from $140.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Benchmark boosted their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Bank of America lifted their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Robert W. Baird increased their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Price Performance

Shares of NYSE BABA traded up $2.28 on Friday, hitting $109.03. The company's stock had a trading volume of 17,805,254 shares, compared to its average volume of 20,607,737. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a 50 day moving average of $127.14 and a 200-day moving average of $104.77. The company has a market capitalization of $260.55 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

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 the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS 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.