Atria Wealth Solutions Inc. Raises Stake in Alibaba Group Holding Limited (NYSE:BABA)

Atria Wealth Solutions Inc. lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 52.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,258 shares of the specialty retailer’s stock after buying an additional 12,452 shares during the period. Atria Wealth Solutions Inc.’s holdings in Alibaba Group were worth $3,074,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Foundations Investment Advisors LLC lifted its stake in shares of Alibaba Group by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after purchasing an additional 27,088 shares during the period. Exchange Traded Concepts LLC increased its holdings in Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after purchasing an additional 42,446 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after buying an additional 11,192 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Alibaba Group by 7,734.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after purchasing an additional 266,361 shares during the period. Finally, Aspex Management HK Ltd purchased a new stake in Alibaba Group during the 3rd quarter worth $115,995,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of a number of analyst reports. Barclays increased their price target on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday. Citigroup increased their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Robert W. Baird increased their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus target price of $131.93.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $143.67 on Friday. The company has a market cap of $341.36 billion, a PE ratio of 29.14, a P/E/G ratio of 0.53 and a beta of 0.31. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.30. The firm has a 50-day simple moving average of $95.43 and a 200 day simple moving average of $92.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last posted its earnings results 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 company 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 8.98% and a return on equity of 12.28%. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current 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.