Redwood Wealth Management Group LLC Purchases 1,134 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Redwood Wealth Management Group LLC boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,450 shares of the specialty retailer’s stock after acquiring an additional 1,134 shares during the period. Redwood Wealth Management Group LLC’s holdings in Alibaba Group were worth $971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors boosted its holdings in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after purchasing an additional 112 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after purchasing an additional 121 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Alibaba Group by 3.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock valued at $329,000 after purchasing an additional 124 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after purchasing an additional 134 shares in the last quarter. Finally, Wynn Capital LLC boosted its holdings in Alibaba Group by 1.0% during the fourth 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 in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BABA shares. Bank of America lifted 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 lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays reduced their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Finally, Citigroup boosted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Stock Up 3.8 %

NYSE:BABA opened at $102.37 on Wednesday. The stock’s fifty day moving average price is $86.84 and its two-hundred day moving average price is $89.07. The company has a market cap of $243.52 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion during 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 for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current 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.