Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,925 shares of the specialty retailer’s stock after acquiring an additional 1,182 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Alibaba Group were worth $1,350,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Foundations Investment Advisors LLC lifted its holdings in Alibaba Group by 21.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock valued at $13,180,000 after purchasing an additional 27,088 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Alibaba Group by 131.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after acquiring an additional 42,446 shares during the last quarter. Generate Investment Management Ltd acquired a new position in Alibaba Group during the third quarter worth about $12,656,000. Nations Financial Group Inc. IA ADV raised its holdings in Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after acquiring an additional 11,192 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after purchasing an additional 50,000 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Down 4.0 %

BABA opened at $98.65 on Friday. The business has a 50 day moving average price of $86.58 and a two-hundred day moving average price of $88.76. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $117.82. The company has a market cap of $234.66 billion, a PE ratio of 20.01, a P/E/G ratio of 0.41 and a beta of 0.30. 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 (NYSE:BABA) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 earnings per share. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bank of America increased their price target on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Monday, October 7th. Finally, Robert W. Baird lifted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.13.

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.