Kestra Private Wealth Services LLC Has $1.66 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Kestra Private Wealth Services LLC increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 38.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,597 shares of the specialty retailer’s stock after purchasing an additional 5,411 shares during the period. Kestra Private Wealth Services LLC’s holdings in Alibaba Group were worth $1,662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Concord Wealth Partners raised its position in shares of Alibaba Group by 155.0% during 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 last quarter. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group in the fourth quarter worth $31,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the 3rd quarter valued at about $36,000. Assetmark Inc. raised its holdings in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the period. Finally, Kieckhefer Group LLC bought a new position in Alibaba Group during the 4th quarter worth about $55,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 4.9 %

BABA opened at $118.35 on Thursday. The company has a market cap of $281.52 billion, a P/E ratio of 24.01, a PEG ratio of 0.42 and a beta of 0.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $89.09 and its 200-day moving average is $90.30. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $119.81.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $1.82 EPS. Equities research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BABA shares. Barclays dropped their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Robert W. Baird raised their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Benchmark reaffirmed a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.86.

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.