Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Confluence Investment Management LLC

Confluence Investment Management LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 20.5% in the 4th quarter, HoldingsChannel reports. The firm owned 2,425 shares of the specialty retailer’s stock after buying an additional 412 shares during the quarter. Confluence Investment Management LLC’s holdings in Alibaba Group were worth $206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concord Wealth Partners lifted 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 purchasing an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Alibaba Group in the 2nd quarter worth approximately $27,000. Highline Wealth Partners LLC bought a new stake in Alibaba Group in the third quarter worth $36,000. Assetmark Inc. lifted its holdings in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the last quarter. Finally, Asset Dedication LLC boosted its holdings in shares of Alibaba Group by 315.0% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after buying an additional 400 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America raised their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Robert W. Baird boosted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Mizuho increased their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Barclays lowered their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Finally, Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Trading Up 0.7 %

Shares of NYSE BABA opened at $85.54 on Friday. The firm has a 50 day moving average price of $89.35 and a two-hundred day moving average price of $86.95. The stock has a market cap of $204.02 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter in the prior year, the firm posted $1.82 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current 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.