Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Increased by PFG Investments LLC

PFG Investments LLC increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 17.9% during the fourth quarter, Holdings Channel reports. The firm owned 10,718 shares of the specialty retailer’s stock after purchasing an additional 1,625 shares during the period. PFG Investments LLC’s holdings in Alibaba Group were worth $909,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Concord Wealth Partners raised its holdings in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Alibaba Group during the second quarter valued at approximately $27,000. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group during the third quarter valued at approximately $36,000. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $31,000. Finally, Assetmark Inc. raised its holdings in shares of Alibaba Group by 225.4% during the third 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 period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

BABA stock opened at $95.99 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $228.63 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 0.37 and a beta of 0.30. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $117.82. The firm has a 50 day moving average of $85.55 and a two-hundred day moving average of $88.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data 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. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BABA. Bank of America boosted their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays cut their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Robert W. Baird upped their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $115.13.

About Alibaba Group

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.