Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Boothe Investment Group Inc.

Boothe Investment Group Inc. increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,428 shares of the specialty retailer’s stock after purchasing an additional 1,725 shares during the period. Alibaba Group accounts for about 3.3% of Boothe Investment Group Inc.’s holdings, making the stock its 10th biggest position. Boothe Investment Group Inc.’s holdings in Alibaba Group were worth $7,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of 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 valued at $27,000 after acquiring an additional 155 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter worth $36,000. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the 4th quarter worth $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth $32,000. Finally, Assetmark Inc. increased its holdings in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Up 5.7 %

Alibaba Group stock opened at $143.67 on Monday. The firm has a 50 day simple moving average of $95.43 and a 200-day simple moving average of $93.09. 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 stock has a market capitalization of $341.36 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.31. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of research analyst reports. Citigroup upped their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Mizuho upped their price target 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. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.93.

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.