18,450 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. bought a new position in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 18,450 shares of the specialty retailer’s stock, valued at approximately $1,564,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. AMF Tjanstepension AB grew its holdings in shares of Alibaba Group by 6.9% in the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after purchasing an additional 178,999 shares during the last quarter. Global Retirement Partners LLC grew its stake in Alibaba Group by 66.6% in the third quarter. Global Retirement Partners LLC now owns 3,978 shares of the specialty retailer’s stock worth $422,000 after purchasing an additional 1,590 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Alibaba Group by 6.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 11,056 shares of the specialty retailer’s stock valued at $1,173,000 after buying an additional 673 shares in the last quarter. Secure Asset Management LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth about $218,000. Finally, Stratos Wealth Advisors LLC lifted its position in Alibaba Group by 8.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,360 shares of the specialty retailer’s stock valued at $357,000 after acquiring an additional 266 shares during the period. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Citigroup lifted their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Robert W. Baird raised their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays dropped their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Finally, Mizuho lifted their price target 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.86.

Alibaba Group Trading Up 4.3 %

BABA opened at $124.73 on Monday. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $126.80. The stock has a fifty day moving average price of $91.25 and a 200-day moving average price of $91.20. The firm has a market cap of $296.71 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 0.42 and a beta of 0.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the previous year, the business posted $1.82 EPS. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Alibaba Group Company 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.