Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Choreo LLC

Choreo LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,209 shares of the specialty retailer’s stock after acquiring an additional 369 shares during the quarter. Choreo LLC’s holdings in Alibaba Group were worth $252,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Savant Capital LLC boosted its holdings in shares of Alibaba Group by 2.7% in the third quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer’s stock valued at $413,000 after acquiring an additional 127 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in shares of Alibaba Group by 2.1% in the third quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer’s stock valued at $584,000 after acquiring an additional 136 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Alibaba Group by 32.9% during the third quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock worth $50,000 after purchasing an additional 142 shares during the period. 180 Wealth Advisors LLC lifted its holdings in shares of Alibaba Group by 3.2% during the third quarter. 180 Wealth Advisors LLC now owns 5,458 shares of the specialty retailer’s stock worth $473,000 after purchasing an additional 168 shares during the period. Finally, Independent Wealth Network Inc. lifted its holdings in shares of Alibaba Group by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 3,477 shares of the specialty retailer’s stock worth $270,000 after purchasing an additional 169 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BABA shares. JPMorgan Chase & Co. decreased their price target on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Barclays decreased their price target on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Benchmark reaffirmed a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Wednesday, April 10th. The Goldman Sachs Group decreased their price target on Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Finally, Robert W. Baird cut their price objective on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Trading Up 1.2 %

Shares of BABA stock opened at $81.31 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. The stock has a market cap of $206.32 billion, a P/E ratio of 15.00 and a beta of 0.44. The business has a fifty day simple moving average of $73.36 and a 200-day simple moving average of $75.25. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12.

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

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.