FLC Capital Advisors Invests $255,000 in Alibaba Group Holding Limited (NYSE:BABA)

FLC Capital Advisors purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,007 shares of the specialty retailer’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group during the 2nd quarter valued at about $27,000. Concord Wealth Partners boosted 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 worth $27,000 after purchasing an additional 155 shares during the period. Decker Retirement Planning Inc. purchased a new position in Alibaba Group during the fourth quarter valued at approximately $31,000. Highline Wealth Partners LLC acquired a new position in Alibaba Group in the 3rd quarter valued at approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Alibaba Group in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on BABA shares. Robert W. Baird boosted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho raised their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Barclays lowered their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Finally, Bank of America raised their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Stock Performance

NYSE:BABA opened at $85.16 on Monday. The firm has a market capitalization of $202.93 billion, a PE ratio of 17.27, a PEG ratio of 0.40 and a beta of 0.30. 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 Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The firm’s fifty day simple moving average is $86.06 and its 200 day simple moving average is $87.78.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the business posted $1.82 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

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.