LM Advisors LLC Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

LM Advisors LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, Holdings Channel.com reports. The firm purchased 10,079 shares of the specialty retailer’s stock, valued at approximately $855,000.

Several other large investors have also made changes to their positions in BABA. Lindbrook Capital LLC lifted its stake in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 101 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after buying an additional 108 shares during the last quarter. TRUE Private Wealth Advisors boosted its stake in Alibaba Group by 3.7% in the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 112 shares in the last quarter. TBH Global Asset Management LLC grew its position in Alibaba Group by 2.4% in the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after acquiring an additional 112 shares during the last quarter. Finally, Xponance Inc. grew its position in Alibaba Group by 4.5% in the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer’s stock valued at $230,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.4 %

Shares of NYSE BABA opened at $132.23 on Thursday. The company’s 50 day moving average price is $119.59 and its 200-day moving average price is $101.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The company has a market capitalization of $314.18 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

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

Wall Street Analyst Weigh In

BABA has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Bank of America upped their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Robert W. Baird lifted their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target 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.