Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,015 shares of the specialty retailer’s stock after acquiring an additional 4,264 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Alibaba Group were worth $10,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC increased its stake in Alibaba Group by 5.9% during the fourth quarter. Ballentine Partners LLC now owns 13,892 shares of the specialty retailer’s stock worth $1,178,000 after purchasing an additional 779 shares during the period. Aurora Investment Managers LLC. grew its holdings in shares of Alibaba Group by 4.4% during the fourth quarter. Aurora Investment Managers LLC. now owns 76,486 shares of the specialty retailer’s stock worth $6,485,000 after purchasing an additional 3,236 shares during the last quarter. FLC Capital Advisors acquired a new position in Alibaba Group in the fourth quarter valued at $255,000. Joule Financial LLC grew its position in Alibaba Group by 1.8% in the 4th quarter. Joule Financial LLC now owns 7,807 shares of the specialty retailer’s stock valued at $662,000 after buying an additional 140 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in shares of Alibaba Group by 30.4% during the 4th quarter. Aaron Wealth Advisors LLC now owns 5,987 shares of the specialty retailer’s stock worth $508,000 after buying an additional 1,395 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Monday, October 7th. Robert W. Baird raised their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Barclays decreased their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Stock Up 3.3 %

NYSE BABA opened at $85.16 on Tuesday. The stock 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 debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The business has a fifty day moving average price of $86.06 and a two-hundred day moving average price of $87.86. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data 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. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. Equities analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal 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.