GM Advisory Group LLC Increases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

GM Advisory Group LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 152.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,020 shares of the specialty retailer’s stock after buying an additional 13,300 shares during the period. GM Advisory Group LLC’s holdings in Alibaba Group were worth $1,867,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Foundations Investment Advisors LLC grew its stake in Alibaba Group by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after buying an additional 27,088 shares during the last quarter. Berkshire Asset Management LLC PA acquired a new position in shares of Alibaba Group in the fourth quarter valued at about $911,000. Exchange Traded Concepts LLC boosted its stake in shares of Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after buying an additional 42,446 shares during the last quarter. Bailard Inc. boosted its stake in shares of Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock worth $869,000 after buying an additional 3,242 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after buying an additional 266,361 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

NYSE:BABA opened at $142.67 on Wednesday. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $338.97 billion, a PE ratio of 20.62, a P/E/G ratio of 0.61 and a beta of 0.27. The stock has a 50 day moving average price of $113.14 and a 200 day moving average price of $99.73.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on BABA. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Benchmark increased their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their target price on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $144.07.

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.