Clay Northam Wealth Management LLC Makes New $366,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Clay Northam Wealth Management LLC bought a new position in Alibaba Group Holding Limited (NYSE:BABA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,314 shares of the specialty retailer’s stock, valued at approximately $366,000.

Several other large investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC boosted its stake in Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after acquiring an additional 27,088 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after acquiring an additional 42,446 shares during the last quarter. Generate Investment Management Ltd bought a new position in Alibaba Group during the third quarter valued at $12,656,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after acquiring an additional 11,192 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Alibaba Group by 7,734.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after acquiring an additional 266,361 shares during the period. 13.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on BABA. 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 set a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Bank of America raised their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Mizuho increased 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. Finally, Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Stock Performance

BABA opened at $98.68 on Tuesday. 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 stock’s 50 day simple moving average is $86.58 and its 200 day simple moving average is $88.92. The stock has a market cap of $234.72 billion, a P/E ratio of 20.02, a P/E/G ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.