Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Cwm LLC

Cwm LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,269 shares of the specialty retailer’s stock after purchasing an additional 696 shares during the period. Cwm LLC’s holdings in Alibaba Group were worth $641,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Princeton Global Asset Management LLC acquired a new position in shares of Alibaba Group in the third quarter worth $26,000. Baystate Wealth Management LLC lifted its holdings in Alibaba Group by 184.6% in the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 216 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of Alibaba Group by 116.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of Alibaba Group during the third quarter worth about $30,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Alibaba Group in the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 1.1 %

Shares of NYSE BABA opened at $76.40 on Tuesday. The stock has a fifty day moving average price of $73.24 and a 200 day moving average price of $75.27. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The company has a market cap of $193.87 billion, a P/E ratio of 14.10 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last posted its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The company had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. Alibaba Group’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.44 EPS. Research analysts anticipate that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of analyst reports. Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Wednesday, April 10th. Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $88.50 to $85.40 in a research note on Thursday, February 8th. Mizuho reissued a “buy” rating and issued a $95.00 price target on shares of Alibaba Group in a research note on Wednesday, March 27th. Susquehanna cut their price objective on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Thursday, February 8th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.91.

About Alibaba Group

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.