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

Nilsine Partners LLC raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.6% in the fourth quarter, HoldingsChannel reports. The firm owned 11,332 shares of the specialty retailer’s stock after acquiring an additional 391 shares during the period. Nilsine Partners LLC’s holdings in Alibaba Group were worth $961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alibaba Group during the second quarter valued at about $38,000. Mackenzie Financial Corp raised its position in shares of Alibaba Group by 4.8% during the 2nd quarter. Mackenzie Financial Corp now owns 90,976 shares of the specialty retailer’s stock worth $6,550,000 after buying an additional 4,170 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Alibaba Group by 12.8% in the 2nd quarter. NewEdge Advisors LLC now owns 52,363 shares of the specialty retailer’s stock worth $3,770,000 after acquiring an additional 5,924 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Alibaba Group by 6.0% in the second quarter. Sunbelt Securities Inc. now owns 13,464 shares of the specialty retailer’s stock valued at $969,000 after acquiring an additional 767 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its stake in shares of Alibaba Group by 28.4% during the second quarter. EP Wealth Advisors LLC now owns 5,633 shares of the specialty retailer’s stock valued at $406,000 after acquiring an additional 1,247 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 6.7 %

NYSE BABA opened at $95.99 on Wednesday. The firm’s 50 day moving average price is $85.55 and its two-hundred day moving average price is $88.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The stock has a market cap of $228.63 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 0.37 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 earnings per share. Equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

BABA has been the subject of a number of research reports. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Bank of America boosted their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Barclays lowered 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 note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.13.

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.