Strategic Financial Concepts LLC Purchases New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Strategic Financial Concepts LLC acquired a new position in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 35,617 shares of the specialty retailer’s stock, valued at approximately $3,020,000.

Several other institutional investors have also added to or reduced their stakes in BABA. Concord Wealth Partners boosted its stake in shares of Alibaba Group by 155.0% during the third 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 period. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group in the 4th quarter valued at about $31,000. Highline Wealth Partners LLC bought a new position in Alibaba Group in the 3rd quarter worth about $36,000. Assetmark Inc. increased its position in shares of Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 275 shares during the period. Finally, Kieckhefer Group LLC bought a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $55,000. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BABA. Robert W. Baird raised their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays cut their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup raised their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Mizuho upped their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.86.

Alibaba Group Price Performance

NYSE BABA opened at $124.73 on Monday. The firm’s fifty day simple moving average is $91.25 and its two-hundred day simple moving average is $91.11. The firm has a market capitalization of $296.71 billion, a P/E ratio of 25.30, a P/E/G ratio of 0.42 and a beta of 0.31. 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 Holding Limited has a 12-month low of $68.36 and a 12-month high of $126.80.

Alibaba Group (NYSE:BABA) last announced its earnings results 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 firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the previous year, the business earned $1.82 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal 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.