Kingswood Wealth Advisors LLC Buys New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Kingswood Wealth Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,768 shares of the specialty retailer’s stock, valued at approximately $235,000.

A number of other hedge funds also recently made changes to their positions in the business. TRUE Private Wealth Advisors lifted its holdings in Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after purchasing an additional 112 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after buying an additional 121 shares during the period. Sivia Capital Partners LLC grew its stake in Alibaba Group by 3.6% in the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after buying an additional 134 shares during the last quarter. Wynn Capital LLC lifted its position in Alibaba Group by 1.0% during the fourth quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock worth $1,103,000 after acquiring an additional 135 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Alibaba Group by 4.3% during the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after acquiring an additional 139 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Down 4.0 %

Alibaba Group stock opened at $98.65 on Friday. The firm has a 50 day moving average price of $86.58 and a two-hundred day moving average price of $88.76. 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 Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The firm has a market cap of $234.66 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 0.41 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating 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 business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. Alibaba Group’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Upgrades and Downgrades

BABA has been the subject of several research reports. Mizuho lifted their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Benchmark reissued a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Robert W. Baird lifted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Finally, Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $115.13.

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.