Fiduciary Alliance LLC Buys 10,596 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Fiduciary Alliance LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,713 shares of the specialty retailer’s stock after buying an additional 10,596 shares during the quarter. Alibaba Group accounts for about 0.9% of Fiduciary Alliance LLC’s investment portfolio, making the stock its 24th largest position. Fiduciary Alliance LLC’s holdings in Alibaba Group were worth $8,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of BABA. Concord Wealth Partners raised its position 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 purchasing an additional 155 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Alibaba Group in the 2nd quarter valued at $27,000. Highline Wealth Partners LLC bought a new position in Alibaba Group in the 3rd quarter valued at $36,000. Assetmark Inc. raised its position in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Alibaba Group in the 2nd quarter valued at $38,000. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BABA shares. Citigroup boosted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird boosted 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 decreased 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. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Monday, October 7th. Finally, Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group Stock Up 0.0 %

Shares of BABA stock traded up $0.04 on Monday, hitting $80.57. 2,676,705 shares of the stock were exchanged, compared to its average volume of 10,636,718. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $191.99 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. The business has a 50-day moving average of $87.59 and a 200 day moving average of $87.54. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

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.