Rainey & Randall Wealth Advisors Inc. Raises Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Rainey & Randall Wealth Advisors Inc. lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 29.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,906 shares of the specialty retailer’s stock after purchasing an additional 1,123 shares during the period. Rainey & Randall Wealth Advisors Inc.’s holdings in Alibaba Group were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB boosted its holdings in Alibaba Group by 6.9% during the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after acquiring an additional 178,999 shares during the period. Brighton Jones LLC purchased a new position in Alibaba Group in the third quarter valued at $258,000. Ballentine Partners LLC raised its stake in Alibaba Group by 18.0% in the third quarter. Ballentine Partners LLC now owns 13,113 shares of the specialty retailer’s stock valued at $1,392,000 after buying an additional 2,004 shares in the last quarter. Pavion Blue Capital LLC purchased a new stake in Alibaba Group during the 3rd quarter worth about $255,000. Finally, Osborne Partners Capital Management LLC boosted its position in shares of Alibaba Group by 2.5% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 112,344 shares of the specialty retailer’s stock worth $11,922,000 after acquiring an additional 2,752 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 5.7 %

Shares of BABA opened at $143.67 on Friday. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $145.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a 50 day simple moving average of $95.43 and a 200-day simple moving average of $92.99. The stock has a market cap of $341.36 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.90% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BABA shares. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. Benchmark lifted their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America upped their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday. Finally, Mizuho boosted their price objective 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. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.93.

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.