JFS Wealth Advisors LLC Purchases 206 Shares of Alibaba Group Holding Limited (NYSE:BABA)

JFS Wealth Advisors LLC grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 39.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 727 shares of the specialty retailer’s stock after buying an additional 206 shares during the period. JFS Wealth Advisors LLC’s holdings in Alibaba Group were worth $62,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Zone Wealth Advisors LLC lifted its stake in shares of Alibaba Group by 3.8% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 52,916 shares of the specialty retailer’s stock valued at $4,487,000 after buying an additional 1,919 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Alibaba Group in the fourth quarter worth $3,020,000. Quantum Private Wealth LLC grew its position in shares of Alibaba Group by 1.6% in the fourth quarter. Quantum Private Wealth LLC now owns 24,791 shares of the specialty retailer’s stock valued at $2,102,000 after purchasing an additional 393 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Alibaba Group by 0.7% during the 4th quarter. Rhumbline Advisers now owns 22,246 shares of the specialty retailer’s stock valued at $1,886,000 after purchasing an additional 154 shares during the period. Finally, Roman Butler Fullerton & Co. bought a new stake in shares of Alibaba Group during the 4th quarter valued at $210,000. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on BABA shares. Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Mizuho raised their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays decreased their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Finally, Robert W. Baird lifted their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.86.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $127.18 on Wednesday. The business’s 50-day moving average price is $91.90 and its 200-day moving average price is $91.53. The firm has a market capitalization of $302.53 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $129.02. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

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.