SRS Capital Advisors Inc. Acquires 2,459 Shares of Alibaba Group Holding Limited (NYSE:BABA)

SRS Capital Advisors Inc. increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2,459.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,559 shares of the specialty retailer’s stock after purchasing an additional 2,459 shares during the period. SRS Capital Advisors Inc.’s holdings in Alibaba Group were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Chicago Partners Investment Group LLC bought a new position in Alibaba Group in the 3rd quarter valued at $238,000. Clear Creek Financial Management LLC bought a new position in Alibaba Group in the 3rd quarter valued at $259,000. Forum Financial Management LP bought a new position in Alibaba Group in the 3rd quarter valued at $247,000. QRG Capital Management Inc. boosted its holdings in Alibaba Group by 4.4% in the 3rd quarter. QRG Capital Management Inc. now owns 37,324 shares of the specialty retailer’s stock valued at $3,961,000 after purchasing an additional 1,589 shares during the period. Finally, World Equity Group Inc. bought a new position in Alibaba Group in the 3rd quarter valued at $210,000. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on BABA. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Citigroup raised their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Benchmark raised their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $129.87 on Wednesday. The stock has a market cap of $308.57 billion, a PE ratio of 18.77, a PEG ratio of 0.61 and a beta of 0.31. The company’s fifty day moving average is $102.16 and its 200 day moving average is $95.68. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.30. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Alibaba Group Company 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.