Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,143 shares of the specialty retailer’s stock after acquiring an additional 748 shares during the period. Sequoia Financial Advisors LLC’s holdings in Alibaba Group were worth $1,114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group in the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the fourth quarter worth approximately $32,000. Assetmark Inc. grew its holdings in Alibaba Group by 225.4% in 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 during the period. Kieckhefer Group LLC purchased a new position in Alibaba Group during the fourth quarter worth approximately $55,000. Finally, Vision Financial Markets LLC purchased a new stake in Alibaba Group during the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 1.9 %

Shares of Alibaba Group stock opened at $140.99 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $110.73 and a 200 day moving average price of $98.71. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.36. The firm has a market cap of $334.99 billion, a P/E ratio of 20.37, a P/E/G ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BABA has been the topic of a number of research reports. Citigroup raised their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Robert W. Baird increased their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $180.00 in a report on Monday, February 24th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $144.07.

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.