GM Advisory Group LLC Has $1.87 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

GM Advisory Group LLC lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 152.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,020 shares of the specialty retailer’s stock after acquiring an additional 13,300 shares during the quarter. GM Advisory Group LLC’s holdings in Alibaba Group were worth $1,867,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BABA. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group during the 4th quarter worth approximately $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at $32,000. Assetmark Inc. lifted its position in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 275 shares during the period. Kieckhefer Group LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at $55,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at $55,000. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Robert W. Baird upped their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Arete Research raised Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Bank of America increased their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Alibaba Group currently has an average rating of “Buy” and an average target price of $144.07.

Alibaba Group Stock Performance

BABA stock opened at $142.67 on Wednesday. The stock has a market capitalization of $338.97 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43. 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’s 50 day simple moving average is $113.14 and its 200 day simple moving average is $99.73.

Alibaba Group (NYSE:BABA) last announced its 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 company had revenue of $38.38 billion for 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 12.89%. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share 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.