Cowa LLC Acquires 3,021 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Cowa LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 98.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,090 shares of the specialty retailer’s stock after purchasing an additional 3,021 shares during the quarter. Cowa LLC’s holdings in Alibaba Group were worth $516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. TRUE Private Wealth Advisors boosted its stake in Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 112 shares during the period. TBH Global Asset Management LLC raised its holdings in shares of Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after acquiring an additional 112 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after acquiring an additional 121 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of Alibaba Group by 3.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after acquiring an additional 124 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in shares of Alibaba Group by 3.6% during the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after acquiring an additional 134 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Shares of BABA stock opened at $143.67 on Friday. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $145.30. The stock’s 50-day moving average is $95.43 and its 200 day moving average is $92.88. The company has a market cap of $341.36 billion, a P/E ratio of 29.14, a PEG ratio of 0.53 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on BABA shares. Benchmark upped their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Bank of America increased their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday. Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Citigroup increased their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.93.

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.