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% during the 4th quarter, HoldingsChannel.com reports. The fund owned 99,713 shares of the specialty retailer’s stock after acquiring an additional 10,596 shares during the period. Alibaba Group accounts for about 0.9% of Fiduciary Alliance LLC’s holdings, making the stock its 24th biggest holding. Fiduciary Alliance LLC’s holdings in Alibaba Group were worth $8,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group in the second quarter valued at approximately $27,000. Concord Wealth Partners raised its stake in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares during the period. Highline Wealth Partners LLC bought a new stake in Alibaba Group in the third quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alibaba Group in the second quarter valued at approximately $38,000. Finally, Assetmark Inc. grew its position in shares of Alibaba Group by 225.4% in the third 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. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the topic of several research reports. Barclays decreased their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. 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. Benchmark reaffirmed a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Price Performance

Shares of BABA traded up $0.04 during trading hours on Monday, reaching $80.57. The stock had a trading volume of 2,676,705 shares, compared to its average volume of 10,636,718. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. The stock has a market capitalization of $191.99 billion, a PE ratio of 16.34, a PEG ratio of 0.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The company’s 50-day moving average is $87.59 and its two-hundred day moving average is $87.54.

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

About Alibaba Group

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.