Family Management Corp Makes New $460,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Family Management Corp bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, Holdings Channel reports. The institutional investor bought 5,426 shares of the specialty retailer’s stock, valued at approximately $460,000.

Several other hedge funds also recently modified their holdings of the stock. Decker Retirement Planning Inc. purchased a new position in Alibaba Group during the 4th quarter worth $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group during the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL grew its position in Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares in the last quarter. Redwood Park Advisors LLC purchased a new stake in Alibaba Group in the 4th quarter valued at about $52,000. Finally, Kieckhefer Group LLC bought a new position in shares of Alibaba Group during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 3.5 %

NYSE:BABA opened at $123.20 on Thursday. The company has a market cap of $294.19 billion, a P/E ratio of 17.80, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock’s fifty day moving average price is $124.55 and its two-hundred day moving average price is $105.81.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Benchmark raised their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Fourteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Alibaba Group presently has an average rating of “Buy” and an average price target of $150.36.

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.