Financial Sense Advisors Inc. Invests $713,000 in Alibaba Group Holding Limited (NYSE:BABA)

Financial Sense Advisors Inc. bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,412 shares of the specialty retailer’s stock, valued at approximately $713,000.

Other large investors have also modified their holdings of the company. Concord Wealth Partners lifted its holdings in 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. Highline Wealth Partners LLC bought a new position in Alibaba Group during the third quarter worth $36,000. Decker Retirement Planning Inc. acquired a new position in Alibaba Group in the fourth quarter worth $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group during the fourth quarter valued at $32,000. Finally, Assetmark Inc. raised its holdings in shares of Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the period. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the subject of several research reports. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Mizuho upped their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Citigroup raised their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $116.93.

Alibaba Group Trading Down 1.0 %

Shares of NYSE:BABA opened at $125.57 on Thursday. The company has a 50 day moving average of $93.37 and a 200-day moving average of $92.11. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market cap of $298.36 billion, a P/E ratio of 25.47, a P/E/G ratio of 0.53 and a beta of 0.31. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $129.02.

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.