Silver Oak Securities Incorporated Makes New $265,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Silver Oak Securities Incorporated acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,146 shares of the specialty retailer’s stock, valued at approximately $265,000.

Other hedge funds have also made changes to their positions in the company. Concord Wealth Partners raised its stake in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Alibaba Group in the fourth quarter worth about $31,000. Highline Wealth Partners LLC bought a new position in Alibaba Group during the third quarter worth about $36,000. Assetmark Inc. boosted its holdings in Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 275 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $55,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 3.3 %

BABA stock opened at $103.71 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The company has a market cap of $246.69 billion, a P/E ratio of 21.04, a PEG ratio of 0.42 and a beta of 0.31. The business has a fifty day moving average of $88.04 and a 200-day moving average of $89.69.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share 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 firm had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same period in the previous year, the business posted $1.82 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

BABA has been the subject of several analyst reports. Barclays cut their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Citigroup boosted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Robert W. Baird increased their target price 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. Mizuho boosted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and an average price target of $115.86.

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.