Sagespring Wealth Partners LLC Acquires Shares of 3,955 Alibaba Group Holding Limited (NYSE:BABA)

Sagespring Wealth Partners LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,955 shares of the specialty retailer's stock, valued at approximately $335,000.

A number of other large investors have also added to or reduced their stakes in BABA. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the 4th quarter worth approximately $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at $32,000. Redwood Park Advisors LLC bought a new position in shares of Alibaba Group in the 4th quarter valued at $52,000. Kieckhefer Group LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth $55,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth $55,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Trading Up 2.1 %

BABA traded up $2.28 during trading 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. The firm has a market capitalization of $260.55 billion, a P/E ratio of 15.76, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock's fifty day moving average price is $127.14 and its 200-day moving average price is $104.77.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion during 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%. Analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on BABA. Robert W. Baird boosted their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Mizuho raised their target price on shares of Alibaba Group from $140.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Bank of America upped their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Citigroup decreased their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $150.36.

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.