Means Investment CO. Inc. Has $1.83 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Means Investment CO. Inc. lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,576 shares of the specialty retailer’s stock after selling 312 shares during the quarter. Means Investment CO. Inc.’s holdings in Alibaba Group were worth $1,829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Concord Wealth Partners grew its position in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the fourth quarter worth $31,000. Highline Wealth Partners LLC acquired a new position in Alibaba Group during the third quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Alibaba Group in the second quarter valued at approximately $38,000. Finally, Assetmark Inc. increased its holdings in Alibaba Group by 225.4% in 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. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BABA shares. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho upped their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Bank of America lifted their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Price Performance

BABA stock opened at $98.65 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $86.58 and a 200 day moving average price of $88.83. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $117.82. The stock has a market cap of $234.66 billion, a PE ratio of 20.01, a P/E/G ratio of 0.41 and a beta of 0.30.

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

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.