Atomi Financial Group Inc. Has $1.91 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Atomi Financial Group Inc. grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 12.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,489 shares of the specialty retailer’s stock after buying an additional 2,443 shares during the period. Atomi Financial Group Inc.’s holdings in Alibaba Group were worth $1,907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Crossmark Global Holdings Inc. grew its holdings in Alibaba Group by 3.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 128,015 shares of the specialty retailer’s stock valued at $10,855,000 after purchasing an additional 4,264 shares during the period. Ballentine Partners LLC grew its holdings in shares of Alibaba Group by 5.9% in the 4th quarter. Ballentine Partners LLC now owns 13,892 shares of the specialty retailer’s stock valued at $1,178,000 after buying an additional 779 shares during the period. Aurora Investment Managers LLC. increased its position in shares of Alibaba Group by 4.4% in the 4th quarter. Aurora Investment Managers LLC. now owns 76,486 shares of the specialty retailer’s stock valued at $6,485,000 after buying an additional 3,236 shares in the last quarter. FLC Capital Advisors acquired a new stake in Alibaba Group during the 4th quarter worth $255,000. Finally, Joule Financial LLC lifted its holdings in Alibaba Group by 1.8% during the fourth quarter. Joule Financial LLC now owns 7,807 shares of the specialty retailer’s stock worth $662,000 after acquiring an additional 140 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on BABA. Bank of America increased their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. StockNews.com downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Finally, Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective 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 issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group Price Performance

NYSE:BABA opened at $85.42 on Wednesday. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The company has a market cap of $203.45 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.45 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 stock’s 50-day simple moving average is $85.85 and its 200 day simple moving average is $87.93.

Alibaba Group (NYSE:BABA) last posted its quarterly 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. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 EPS. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS 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.