Quartz Partners LLC Has $903,000 Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Quartz Partners LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,648 shares of the specialty retailer’s stock after buying an additional 240 shares during the quarter. Quartz Partners LLC’s holdings in Alibaba Group were worth $903,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Concord Wealth Partners raised its position in Alibaba Group by 155.0% during 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 period. Decker Retirement Planning Inc. purchased a new position in Alibaba Group during the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at about $32,000. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $36,000. Finally, Assetmark Inc. boosted its holdings in shares of Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 5.7 %

Shares of BABA stock opened at $143.67 on Monday. The business’s 50 day moving average is $95.43 and its two-hundred day moving average is $93.09. 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 Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.30. The company has a market cap of $341.36 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. Equities analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Ratings Changes

BABA has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird upped their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Barclays increased their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America upped their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Benchmark lifted their price target on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus target price of $131.93.

Alibaba Group Company 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.