Strategic Financial Concepts LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Strategic Financial Concepts LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,617 shares of the specialty retailer’s stock, valued at approximately $3,020,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BABA. Foundations Investment Advisors LLC boosted its stake in Alibaba Group by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock valued at $13,180,000 after purchasing an additional 27,088 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after buying an additional 42,446 shares during the period. Generate Investment Management Ltd bought a new position in Alibaba Group during the third quarter valued at about $12,656,000. Nations Financial Group Inc. IA ADV grew its holdings in Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after acquiring an additional 11,192 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after acquiring an additional 266,361 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird lifted their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.86.

Alibaba Group Stock Up 3.3 %

Alibaba Group stock opened at $103.71 on Monday. The firm’s 50 day moving average price is $88.04 and its two-hundred day moving average price is $89.69. The firm has a market cap of $246.69 billion, a PE ratio of 21.04, a P/E/G ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. 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 announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $239.45 billion. During the same period last year, the company earned $1.82 earnings per share. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal 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.