Maridea Wealth Management LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Maridea Wealth Management LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,825 shares of the specialty retailer's stock, valued at approximately $579,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Foundations Investment Advisors LLC boosted its position in shares of Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock worth $13,180,000 after buying an additional 27,088 shares during the period. Berkshire Asset Management LLC PA purchased a new position in Alibaba Group during the 4th quarter valued at about $911,000. Exchange Traded Concepts LLC increased its stake in Alibaba Group by 131.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock worth $6,343,000 after purchasing an additional 42,446 shares during the period. Bailard Inc. lifted its position in shares of Alibaba Group by 46.3% during the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after purchasing an additional 3,242 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new position in shares of Alibaba Group in the third quarter valued at approximately $115,995,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

Shares of BABA stock traded up $0.20 during mid-day trading on Monday, hitting $132.63. 9,388,164 shares of the stock were exchanged, compared to its average volume of 28,416,021. 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 quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $315.12 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 0.61 and a beta of 0.28. The stock's fifty day simple moving average is $121.60 and its two-hundred day simple moving average is $102.70.

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Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. On average, analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Benchmark boosted their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. StockNews.com lowered Alibaba Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Robert W. Baird raised their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $148.14.

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.