Pinnacle Wealth Planning Services Inc. Increases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Pinnacle Wealth Planning Services Inc. increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,134 shares of the specialty retailer’s stock after purchasing an additional 108 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Alibaba Group were worth $266,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BABA. Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group in the fourth quarter valued at $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at $32,000. Assetmark Inc. grew its position in Alibaba Group by 225.4% during the third 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 period. Kieckhefer Group LLC purchased a new stake in Alibaba Group during the fourth quarter valued at about $55,000. Finally, Vision Financial Markets LLC purchased a new stake in Alibaba Group during the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.5 %

NYSE:BABA opened at $140.59 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.36. The business’s 50-day simple moving average is $105.46 and its 200 day simple moving average is $96.70. The stock has a market cap of $334.04 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. As a group, sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BABA has been the subject of a number of research reports. Citigroup boosted their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $100.00 to $180.00 in a research report on Monday, February 24th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Barclays boosted their price target on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Alibaba Group currently has an average rating of “Buy” and a consensus target price of $144.07.

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.