CWA Asset Management Group LLC Has $3.02 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

CWA Asset Management Group LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,584 shares of the specialty retailer’s stock after buying an additional 6,153 shares during the period. CWA Asset Management Group LLC’s holdings in Alibaba Group were worth $3,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Modus Advisors LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth about $82,000. Confluence Investment Management LLC increased its position in Alibaba Group by 20.5% during the fourth quarter. Confluence Investment Management LLC now owns 2,425 shares of the specialty retailer’s stock worth $206,000 after buying an additional 412 shares during the last quarter. Principal Financial Group Inc. raised its stake in Alibaba Group by 6.2% in the third quarter. Principal Financial Group Inc. now owns 52,563 shares of the specialty retailer’s stock valued at $5,578,000 after buying an additional 3,046 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of Alibaba Group by 41.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,534 shares of the specialty retailer’s stock valued at $3,203,000 after buying an additional 8,685 shares during the last quarter. Finally, Garde Capital Inc. bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $124,000. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Mizuho increased their price objective 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. Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report 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 on the stock in a report on Monday, October 7th. Finally, Bank of America boosted their price objective on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group Price Performance

BABA stock opened at $85.45 on Tuesday. The company’s 50-day moving average price is $88.82 and its two-hundred day moving average price is $87.28. The firm has a market cap of $203.80 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.44 and a beta of 0.30. 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 12 month low of $66.63 and a 12 month high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

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.