Kathmere Capital Management LLC Increases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Kathmere Capital Management LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,321 shares of the specialty retailer’s stock after buying an additional 556 shares during the quarter. Kathmere Capital Management LLC’s holdings in Alibaba Group were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Thoroughbred Financial Services LLC grew its holdings in Alibaba Group by 25.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,696 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 744 shares during the last quarter. Wealthspire Advisors LLC grew its stake in shares of Alibaba Group by 6.1% during the second quarter. Wealthspire Advisors LLC now owns 2,971 shares of the specialty retailer’s stock valued at $214,000 after buying an additional 171 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Alibaba Group by 8.4% in the second quarter. Envestnet Asset Management Inc. now owns 348,934 shares of the specialty retailer’s stock worth $25,123,000 after buying an additional 27,058 shares during the period. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Alibaba Group during the 2nd quarter worth approximately $328,000. Finally, RPg Family Wealth Advisory LLC boosted its holdings in Alibaba Group by 13.1% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 19,794 shares of the specialty retailer’s stock valued at $1,457,000 after acquiring an additional 2,294 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Up 0.9 %

Shares of Alibaba Group stock opened at $82.40 on Thursday. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The firm’s 50 day moving average price is $86.88 and its 200-day moving average price is $87.66. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market cap of $196.36 billion, a P/E ratio of 16.71, a PEG ratio of 0.44 and a beta of 0.30.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BABA. Barclays reduced their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.