Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by 180 Wealth Advisors LLC

180 Wealth Advisors LLC grew its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,371 shares of the specialty retailer’s stock after acquiring an additional 240 shares during the period. 180 Wealth Advisors LLC’s holdings in Alibaba Group were worth $710,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. TRUE Private Wealth Advisors boosted its position in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 112 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after buying an additional 121 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Alibaba Group by 3.6% during the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after buying an additional 134 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock valued at $361,000 after acquiring an additional 139 shares during the period. Finally, First Trust Direct Indexing L.P. increased its holdings in Alibaba Group by 3.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock worth $515,000 after acquiring an additional 143 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

NYSE BABA opened at $81.67 on Wednesday. The stock has a market cap of $194.62 billion, a PE ratio of 16.57, a P/E/G ratio of 0.44 and a beta of 0.30. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The stock has a fifty day simple moving average of $86.88 and a 200-day simple moving average of $87.66. 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 (NYSE:BABAGet Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same period last year, the business earned $1.82 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BABA has been the topic of several research analyst reports. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Monday, October 7th. Mizuho boosted their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Citigroup raised 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. Finally, Bank of America boosted their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.13.

Check Out Our Latest Stock Analysis on BABA

Alibaba Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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