Ignite Planners LLC Grows Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Ignite Planners LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,737 shares of the specialty retailer’s stock after acquiring an additional 140 shares during the period. Ignite Planners LLC’s holdings in Alibaba Group were worth $491,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BABA. 180 Wealth Advisors LLC grew its holdings in shares of Alibaba Group by 3.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 8,371 shares of the specialty retailer’s stock worth $710,000 after purchasing an additional 240 shares during the period. AdvisorNet Financial Inc lifted its position in Alibaba Group by 99.3% in the fourth quarter. AdvisorNet Financial Inc now owns 2,931 shares of the specialty retailer’s stock valued at $248,000 after buying an additional 1,460 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after buying an additional 134 shares during the period. Cooper Financial Group increased its position in shares of Alibaba Group by 5.3% during the fourth quarter. Cooper Financial Group now owns 10,915 shares of the specialty retailer’s stock valued at $925,000 after acquiring an additional 553 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in shares of Alibaba Group by 7.4% in the 4th quarter. Wedmont Private Capital now owns 2,974 shares of the specialty retailer’s stock valued at $240,000 after acquiring an additional 204 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BABA has been the subject of a number of research analyst reports. 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 research report on Tuesday, November 12th. Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Finally, Barclays cut their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Price Performance

Shares of BABA opened at $80.56 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $87.23 and its 200-day simple moving average is $87.60. The firm has a market capitalization of $191.97 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.44 and a beta of 0.30. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the previous year, the business earned $1.82 EPS. Alibaba Group’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS 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.