Ritholtz Wealth Management Purchases 5,097 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Ritholtz Wealth Management increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 13.6% during the fourth quarter, HoldingsChannel reports. The fund owned 42,534 shares of the specialty retailer’s stock after buying an additional 5,097 shares during the quarter. Ritholtz Wealth Management’s holdings in Alibaba Group were worth $3,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Generate Investment Management Ltd bought a new stake in Alibaba Group during the 3rd quarter worth $12,656,000. Nations Financial Group Inc. IA ADV grew its position in shares of Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after buying an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Alibaba Group by 6.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after purchasing an additional 50,000 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of 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 purchasing an additional 266,361 shares in the last quarter. Finally, Aspex Management HK Ltd bought a new stake in shares of Alibaba Group during the 3rd quarter valued at about $115,995,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.0 %

BABA opened at $82.40 on Friday. The firm has a 50-day simple moving average of $86.59 and a two-hundred day simple moving average of $87.63. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The company has a market capitalization of $196.27 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.40 and a beta of 0.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 EPS. Analysts forecast that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BABA has been the topic of several research analyst reports. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Robert W. Baird upped their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America upped their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $118.00 price target 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.