170,422 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by GFS Advisors LLC

GFS Advisors LLC bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 170,422 shares of the specialty retailer’s stock, valued at approximately $14,450,000. Alibaba Group makes up 2.2% of GFS Advisors LLC’s investment portfolio, making the stock its 13th largest holding.

Other hedge funds have also bought and sold shares of the company. TRUE Private Wealth Advisors boosted its holdings in Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after buying an additional 112 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Alibaba Group by 6.0% in the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after acquiring an additional 121 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Alibaba Group by 3.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after acquiring an additional 124 shares during the period. Sivia Capital Partners LLC grew its position in shares of Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after purchasing an additional 134 shares in the last quarter. Finally, Wynn Capital LLC raised its stake in Alibaba Group by 1.0% during the 4th quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 135 shares during the period. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BABA shares. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Citigroup raised their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays decreased their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Benchmark reissued a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Finally, Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Stock Down 4.0 %

Shares of BABA opened at $98.65 on Friday. 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 business has a fifty day moving average of $86.27 and a 200 day moving average of $88.62. The company has a market cap of $234.66 billion, a PE ratio of 20.01, a P/E/G ratio of 0.41 and a beta of 0.30. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82.

Alibaba Group (NYSE:BABA) last released its earnings results 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 firm had revenue of $236.50 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $1.82 EPS. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS 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.