Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 16.0% in the fourth quarter, Holdings Channel reports. The fund owned 5,877 shares of the specialty retailer’s stock after purchasing an additional 811 shares during the period. Capital Investment Advisory Services LLC’s holdings in Alibaba Group were worth $455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Princeton Global Asset Management LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter worth $26,000. Baystate Wealth Management LLC grew its holdings in shares of Alibaba Group by 184.6% during the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in shares of Alibaba Group by 116.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 175 shares during the period. First Command Advisory Services Inc. purchased a new position in shares of Alibaba Group during the 3rd quarter worth $30,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Alibaba Group during the 3rd quarter worth $31,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group lowered their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Barclays lowered their target price on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Morgan Stanley restated an “equal weight” rating and set a $85.00 target price on shares of Alibaba Group in a report on Tuesday, April 9th. Robert W. Baird lowered their target price on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, Mizuho reiterated a “buy” rating and issued a $95.00 price objective on shares of Alibaba Group in a research note on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.91.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $72.51 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. The firm has a market capitalization of $183.98 billion, a PE ratio of 13.38 and a beta of 0.47. The stock’s 50-day simple moving average is $73.11 and its 200-day simple moving average is $75.57.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. During the same period last year, the business posted $2.44 EPS. Alibaba Group’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal 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.