Savvy Advisors Inc. bought a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,111 shares of the specialty retailer's stock, valued at approximately $433,000.
A number of other large investors also recently bought and sold shares of the business. Synovus Financial Corp grew its holdings in shares of Alibaba Group by 3.9% during the fourth quarter. Synovus Financial Corp now owns 5,747 shares of the specialty retailer's stock valued at $487,000 after buying an additional 214 shares during the last quarter. Stamos Capital Partners L.P. boosted its stake in Alibaba Group by 51.2% during the 4th quarter. Stamos Capital Partners L.P. now owns 41,700 shares of the specialty retailer's stock valued at $3,536,000 after purchasing an additional 14,120 shares during the last quarter. Advisors Capital Management LLC bought a new stake in shares of Alibaba Group in the 4th quarter worth $547,000. Kopernik Global Investors LLC raised its stake in shares of Alibaba Group by 19.2% in the fourth quarter. Kopernik Global Investors LLC now owns 220,556 shares of the specialty retailer's stock worth $18,701,000 after purchasing an additional 35,493 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new position in shares of Alibaba Group during the fourth quarter valued at $335,000. 13.47% of the stock is owned by hedge funds and other institutional investors.
Alibaba Group Stock Performance
Alibaba Group stock traded up $2.28 during midday trading on Friday, hitting $109.03. 17,805,254 shares of the company were exchanged, compared to its average volume of 20,607,737. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The firm has a market capitalization of $260.55 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The business has a fifty day simple moving average of $127.14 and a two-hundred day simple moving average of $104.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.
Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data 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 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%. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on BABA. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Bank of America lifted 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, February 21st. Robert W. Baird increased their price target on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Citigroup cut their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $150.36.
Read Our Latest Research Report on Alibaba Group
About Alibaba Group
(
Free Report)
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.
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