Naples Global Advisors LLC Buys 900 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Naples Global Advisors LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,876 shares of the specialty retailer’s stock after buying an additional 900 shares during the period. Naples Global Advisors LLC’s holdings in Alibaba Group were worth $1,770,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BABA. Concord Wealth Partners raised its holdings in Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $31,000. Highline Wealth Partners LLC acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $36,000. Assetmark Inc. boosted its stake in Alibaba Group by 225.4% during the 3rd 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. Finally, Kieckhefer Group LLC acquired a new stake in Alibaba Group in the 4th quarter valued at approximately $55,000. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of research reports. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Robert W. Baird lifted their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. StockNews.com cut Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday. Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Barclays cut their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.86.

Alibaba Group Price Performance

NYSE:BABA opened at $119.55 on Friday. The firm has a market cap of $284.38 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The company’s 50-day moving average price is $89.76 and its two-hundred day moving average price is $90.50. 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 $68.36 and a 12 month high of $119.81.

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