Strategic Financial Concepts LLC Invests $3.02 Million in Alibaba Group Holding Limited (NYSE:BABA)

Strategic Financial Concepts LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 35,617 shares of the specialty retailer's stock, valued at approximately $3,020,000.

Several other hedge funds also recently made changes to their positions in BABA. TRUE Private Wealth Advisors grew its holdings in shares of Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock worth $331,000 after buying an additional 112 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer's stock worth $228,000 after buying an additional 121 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in shares of Alibaba Group by 3.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer's stock worth $329,000 after buying an additional 124 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer's stock worth $324,000 after buying an additional 134 shares during the last quarter. Finally, Wynn Capital LLC grew its holdings in shares of Alibaba Group by 1.0% during the fourth quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer's stock worth $1,103,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

BABA has been the topic of a number of research reports. StockNews.com lowered Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Barclays lowered their price target on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Benchmark reaffirmed a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Finally, Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.86.

Alibaba Group Price Performance

NYSE:BABA traded up $7.97 during mid-day trading on Monday, hitting $111.48. 42,210,457 shares of the company's stock traded hands, compared to its average volume of 22,052,365. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The firm's 50 day simple moving average is $88.04 and its 200 day simple moving average is $89.79. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $117.82. The company has a market cap of $265.17 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the firm posted $1.82 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS 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.