Bogart Wealth LLC Has $129,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Bogart Wealth LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 40.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,525 shares of the specialty retailer’s stock after buying an additional 441 shares during the quarter. Bogart Wealth LLC’s holdings in Alibaba Group were worth $129,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Concord Wealth Partners lifted its stake in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the 4th quarter worth about $31,000. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter worth about $36,000. Assetmark Inc. lifted its stake 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. Finally, Kieckhefer Group LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BABA. Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Thursday. Robert W. Baird lifted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.86.

Alibaba Group Price Performance

BABA stock opened at $124.73 on Friday. 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 $126.80. The firm has a market cap of $296.71 billion, a P/E ratio of 25.30, a P/E/G ratio of 0.42 and a beta of 0.31. The company’s 50-day moving average price is $90.47 and its two-hundred day moving average price is $90.70.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.82 EPS. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share 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.