Quantum Private Wealth LLC Has $2.10 Million Stake in Alibaba Group Holding Limited (NYSE:BABA)

Quantum Private Wealth LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,791 shares of the specialty retailer’s stock after purchasing an additional 393 shares during the quarter. Quantum Private Wealth LLC’s holdings in Alibaba Group were worth $2,102,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Concord Wealth Partners grew its holdings in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the fourth quarter valued at about $31,000. Highline Wealth Partners LLC purchased a new position in Alibaba Group in the third quarter valued at about $36,000. Assetmark Inc. raised its stake in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Alibaba Group during the 4th quarter valued at about $55,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 4.3 %

Shares of BABA stock opened at $124.73 on Friday. The stock has a 50 day moving average of $91.25 and a 200-day moving average of $91.02. The firm has a market cap of $296.71 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. 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 Holding Limited has a 12 month low of $68.36 and a 12 month high of $126.80.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same period in the prior year, the company earned $1.82 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BABA. Citigroup increased their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Mizuho raised their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Barclays cut their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Finally, Robert W. Baird upped their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $115.86.

Alibaba Group 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.