Alibaba Group Holding Limited (NYSE:BABA) Holdings Raised by Redwood Wealth Management Group LLC

Redwood Wealth Management Group LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,450 shares of the specialty retailer’s stock after purchasing an additional 1,134 shares during the period. Redwood Wealth Management Group LLC’s holdings in Alibaba Group were worth $971,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BABA. AMF Tjanstepension AB lifted its holdings in shares of Alibaba Group by 6.9% during the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after purchasing an additional 178,999 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Alibaba Group by 186.9% in the 3rd quarter. Park Avenue Securities LLC now owns 14,068 shares of the specialty retailer’s stock worth $1,493,000 after acquiring an additional 9,165 shares in the last quarter. Verde Servicos Internacionais S.A. acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $1,486,000. Ignite Planners LLC lifted its position in shares of Alibaba Group by 3.8% in the third quarter. Ignite Planners LLC now owns 5,597 shares of the specialty retailer’s stock worth $594,000 after purchasing an additional 206 shares in the last quarter. Finally, Axiom Advisory LLC purchased a new position in Alibaba Group during the third quarter valued at approximately $3,053,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 3.8 %

Alibaba Group stock opened at $102.37 on Wednesday. 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 business’s 50-day simple moving average is $86.84 and its 200-day simple moving average is $89.07. The firm has a market capitalization of $243.52 billion, a PE ratio of 20.77, a PEG ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The business 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 firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. Equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BABA shares. Robert W. Baird lifted their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Benchmark reaffirmed a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Bank of America boosted their price target on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Barclays cut their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.13.

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.