Richard W. Paul & Associates LLC Has $1.25 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Richard W. Paul & Associates LLC increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,736 shares of the specialty retailer’s stock after purchasing an additional 206 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Alibaba Group were worth $1,250,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. TRUE Private Wealth Advisors lifted 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 during the period. TBH Global Asset Management LLC lifted its stake 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 buying an additional 112 shares during the period. Venturi Wealth Management LLC lifted its stake in Alibaba Group by 6.0% in the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after buying an additional 121 shares during the period. Capital Investment Advisory Services LLC lifted its stake in Alibaba Group by 3.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock valued at $329,000 after buying an additional 124 shares during the period. Finally, Sivia Capital Partners LLC lifted its stake in Alibaba Group by 3.6% in the fourth 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 during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 3.0 %

Shares of NYSE:BABA opened at $132.45 on Friday. The company has a market capitalization of $314.70 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The business has a fifty day moving average price of $100.36 and a two-hundred day moving average price of $94.79. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.30.

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

Analyst Ratings Changes

BABA has been the subject of several recent research reports. Citigroup boosted their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Benchmark boosted their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 21st. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $180.00 in a report on Monday, February 24th. JPMorgan Chase & Co. boosted their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Bank of America boosted their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Buy” and an average price target of $144.07.

Alibaba Group 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.