Private Wealth Partners LLC Acquires New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Private Wealth Partners LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,519 shares of the specialty retailer’s stock, valued at approximately $505,000.

A number of other large investors have also recently added to or reduced their stakes in BABA. Princeton Global Asset Management LLC acquired a new stake in Alibaba Group in the 3rd quarter valued at about $26,000. Baystate Wealth Management LLC boosted its stake in shares of Alibaba Group by 184.6% during the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of Alibaba Group by 116.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group during the 3rd quarter worth about $30,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter worth about $31,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Up 0.6 %

NYSE:BABA traded up $0.44 during trading hours on Friday, hitting $75.55. The stock had a trading volume of 14,216,073 shares, compared to its average volume of 13,622,653. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $102.50. The business has a 50 day simple moving average of $73.19 and a two-hundred day simple moving average of $75.42. The company has a market cap of $191.71 billion, a PE ratio of 13.94 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. During the same period last year, the business earned $2.44 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Analysts predict that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

Analyst Upgrades and Downgrades

BABA has been the topic of several analyst reports. The Goldman Sachs Group decreased their price target on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $88.50 to $85.40 in a research note on Thursday, February 8th. Citigroup cut their price objective on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. cut their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Finally, Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.91.

About Alibaba Group

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.