Private Advisor Group LLC Buys 5,647 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Private Advisor Group LLC boosted its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,622 shares of the specialty retailer's stock after buying an additional 5,647 shares during the quarter. Private Advisor Group LLC's holdings in Alibaba Group were worth $9,041,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BABA. Concord Wealth Partners increased its holdings in 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 buying an additional 155 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth $32,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the 3rd quarter valued at $36,000. Finally, Assetmark Inc. lifted 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 purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Ratings Changes

BABA has been the topic of several analyst reports. Bank of America increased their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday. Robert W. Baird increased their price objective on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a report on Friday. Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Barclays boosted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $131.93.

Alibaba Group Stock Performance

NYSE BABA traded up $7.70 during midday trading on Friday, hitting $143.67. The company had a trading volume of 73,657,797 shares, compared to its average volume of 30,282,477. The firm has a fifty day simple moving average of $94.31 and a two-hundred day simple moving average of $92.42. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.30. 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 stock has a market cap of $341.36 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 0.53 and a beta of 0.31.

Alibaba Group (NYSE:BABA - Get Free Report) last released 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). 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 12.28% and a net margin of 8.98%. Equities analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.