Hardin Capital Partners LLC Has $491,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Hardin Capital Partners LLC grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,794 shares of the specialty retailer’s stock after acquiring an additional 247 shares during the period. Hardin Capital Partners LLC’s holdings in Alibaba Group were worth $491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BABA. Foundations Investment Advisors LLC boosted its holdings 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 worth $13,180,000 after acquiring an additional 27,088 shares during the last quarter. Berkshire Asset Management LLC PA purchased a new stake in Alibaba Group in the 4th quarter valued at about $911,000. Exchange Traded Concepts LLC lifted its position in shares of Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after buying an additional 42,446 shares in the last quarter. Bailard Inc. boosted its stake in shares of Alibaba Group by 46.3% in the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock worth $869,000 after buying an additional 3,242 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Alibaba Group by 7,734.1% in the third 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 in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $132.65 on Wednesday. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $148.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market cap of $315.17 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a 50 day moving average of $118.59 and a 200 day moving average of $101.64.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Barclays boosted their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Bank of America boosted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $144.07.

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.