Financial Counselors Inc. Acquires 246 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Financial Counselors Inc. grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,910 shares of the specialty retailer’s stock after buying an additional 246 shares during the period. Financial Counselors Inc.’s holdings in Alibaba Group were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BABA. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the 4th quarter valued at $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group in the fourth quarter worth about $32,000. Kieckhefer Group LLC bought a new position in Alibaba Group during the fourth quarter valued at approximately $55,000. Vision Financial Markets LLC purchased a new position in Alibaba Group during the 4th quarter valued at approximately $55,000. Finally, Golden State Wealth Management LLC bought a new stake in Alibaba Group in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on BABA shares. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Benchmark upped their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Bank of America lifted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Mizuho raised their price objective on Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $148.14.

Alibaba Group Price Performance

Shares of BABA stock opened at $132.49 on Friday. The company has a market capitalization of $314.80 billion, a P/E ratio of 19.15, a P/E/G ratio of 0.61 and a beta of 0.28. The company’s 50-day simple moving average is $121.60 and its two-hundred day simple moving average is $102.45. Alibaba Group Holding Limited has a one year low of $68.36 and a one 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.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, equities 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.