Cooper Financial Group Has $925,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

Cooper Financial Group lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,915 shares of the specialty retailer’s stock after buying an additional 553 shares during the quarter. Cooper Financial Group’s holdings in Alibaba Group were worth $925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Concord Wealth Partners raised its stake in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group in the 2nd quarter valued at approximately $27,000. Highline Wealth Partners LLC bought a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $36,000. Assetmark Inc. boosted its position in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 275 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Alibaba Group in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of BABA opened at $80.56 on Tuesday. The business has a 50-day moving average of $87.23 and a 200-day moving average of $87.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $191.97 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $239.45 billion. During the same quarter last year, the business earned $1.82 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Monday, October 7th. Bank of America lifted their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Citigroup raised their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.13.

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.