Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 68.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,689 shares of the specialty retailer’s stock after buying an additional 2,711 shares during the quarter. Global Retirement Partners LLC’s holdings in Alibaba Group were worth $567,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BABA. Concord Wealth Partners lifted its position in Alibaba Group by 155.0% in 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 last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth about $32,000. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group during the third quarter worth about $36,000. Finally, Assetmark Inc. lifted its position 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 in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the topic of several research reports. Barclays increased their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Mizuho upped their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $131.93.

Alibaba Group Stock Up 5.7 %

BABA stock opened at $143.67 on Friday. The firm has a market capitalization of $341.36 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 0.57 and a beta of 0.31. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The company’s 50 day moving average price is $95.43 and its 200 day moving average price is $92.99.

Alibaba Group (NYSE:BABA) last announced 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). The company had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.