Rialto Wealth Management LLC Takes $170,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Rialto Wealth Management LLC bought a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the specialty retailer's stock, valued at approximately $170,000.

Several other hedge funds also recently bought and sold shares of BABA. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group during the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group during the 4th quarter valued at about $32,000. Assetmark Inc. increased its holdings in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 275 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Alibaba Group during the 4th quarter valued at about $55,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Alibaba Group during the 4th quarter valued at about $55,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Robert W. Baird increased their target price on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Bank of America raised their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Citigroup raised their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $144.07.

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Alibaba Group Price Performance

Shares of Alibaba Group stock traded up $0.64 during midday trading on Friday, hitting $140.59. 31,813,632 shares of the company were exchanged, compared to its average volume of 18,635,841. 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 firm has a market cap of $334.04 billion, a P/E ratio of 20.32, a PEG ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.36. The firm has a 50 day simple moving average of $105.46 and a 200-day simple moving average of $96.90.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its 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). 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 for the quarter, compared to the consensus estimate of $38.19 billion. Research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share 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.