Atomi Financial Group Inc. Has $1.91 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Atomi Financial Group Inc. raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 12.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,489 shares of the specialty retailer’s stock after acquiring an additional 2,443 shares during the period. Atomi Financial Group Inc.’s holdings in Alibaba Group were worth $1,907,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group in the second quarter valued at $27,000. Concord Wealth Partners increased its holdings in Alibaba Group by 155.0% in the 3rd 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. acquired a new position in shares of Alibaba Group in the 4th quarter valued at $31,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the 3rd quarter worth about $36,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alibaba Group during the 2nd quarter valued at about $38,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $85.42 on Wednesday. The firm has a 50 day simple moving average of $85.85 and a 200 day simple moving average of $87.93. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $203.45 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.45 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last released 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 return on equity of 12.28% and a net margin of 8.98%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.82 EPS. Sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BABA shares. Bank of America increased their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Robert W. Baird raised their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays dropped their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Mizuho boosted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $115.13.

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.