Roman Butler Fullerton & Co. Acquires Shares of 2,335 Alibaba Group Holding Limited (NYSE:BABA)

Roman Butler Fullerton & Co. acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,335 shares of the specialty retailer’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Concord Wealth Partners lifted its holdings in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the third quarter valued at $36,000. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group during the fourth quarter valued at $31,000. Assetmark Inc. raised its holdings in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new position in shares of Alibaba Group in the fourth quarter valued at about $55,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Price Performance

Alibaba Group stock opened at $124.73 on Friday. The firm has a market capitalization of $296.71 billion, a P/E ratio of 25.30, a PEG ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $126.80. The business has a 50-day moving average of $91.25 and a 200-day moving average of $91.02. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 EPS. On average, equities analysts anticipate 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 issued reports on BABA. Robert W. Baird lifted their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Barclays cut their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Finally, Mizuho lifted their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.86.

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.