180 Wealth Advisors LLC Increases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

180 Wealth Advisors LLC grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,371 shares of the specialty retailer’s stock after purchasing an additional 240 shares during the period. 180 Wealth Advisors LLC’s holdings in Alibaba Group were worth $710,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in Alibaba Group by 1,392.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after purchasing an additional 5,715,155 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after buying an additional 3,740,150 shares during the period. Hhlr Advisors LTD. grew its position in shares of Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after buying an additional 3,448,152 shares in the last quarter. FMR LLC increased its stake in shares of Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after buying an additional 2,959,954 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Alibaba Group by 9,205.2% in the third quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer’s stock valued at $1,801,240,000 after acquiring an additional 1,679,117 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.4 %

NYSE BABA opened at $81.67 on Wednesday. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82. The firm has a market cap of $194.62 billion, a PE ratio of 16.57, a P/E/G ratio of 0.44 and a beta of 0.30. The firm’s fifty day moving average is $86.88 and its two-hundred day moving average is $87.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.82 EPS. Analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

BABA has been the subject of several analyst reports. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Robert W. Baird boosted their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Benchmark reaffirmed a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Barclays dropped their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

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.