Level Four Advisory Services LLC Purchases 500 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Level Four Advisory Services LLC lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 18.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,167 shares of the specialty retailer’s stock after purchasing an additional 500 shares during the period. Level Four Advisory Services LLC’s holdings in Alibaba Group were worth $269,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group during the fourth quarter worth approximately $31,000. Sierra Ocean LLC bought a new position in Alibaba Group during the fourth quarter worth $32,000. Vision Financial Markets LLC acquired a new position in Alibaba Group during the 4th quarter valued at $55,000. Kieckhefer Group LLC bought a new stake in Alibaba Group in the 4th quarter valued at $55,000. Finally, Golden State Wealth Management LLC acquired a new stake in Alibaba Group in the 4th quarter worth $60,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BABA. Robert W. Baird upped their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. raised their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. StockNews.com cut Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $148.14.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $132.73 on Wednesday. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43. The firm’s 50-day moving average price is $123.49 and its two-hundred day moving average price is $103.37. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $315.37 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion for 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 12.89%. On average, equities analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal 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.