Kieckhefer Group LLC Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Kieckhefer Group LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, Holdings Channel reports. The firm purchased 652 shares of the specialty retailer’s stock, valued at approximately $55,000.

Several other institutional investors also recently bought and sold shares of the business. Concord Wealth Partners raised its position in shares of 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 buying an additional 155 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group in the 2nd quarter valued at $27,000. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter worth $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 valued at $42,000 after acquiring an additional 275 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Alibaba Group in the second quarter valued at about $38,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BABA has been the topic of several recent analyst reports. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday. Barclays lowered their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Finally, Bank of America upped their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Stock Up 0.0 %

Shares of BABA traded up $0.03 during midday trading on Monday, reaching $80.56. The stock had a trading volume of 4,268,051 shares, compared to its average volume of 10,946,462. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. 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 cap of $191.97 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.44 and a beta of 0.30. The company’s fifty day simple moving average is $87.59 and its two-hundred day simple moving average is $87.54.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $1.82 EPS. Equities research analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

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.