Wealthfront Advisers LLC Takes $9.52 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Wealthfront Advisers LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 112,256 shares of the specialty retailer’s stock, valued at approximately $9,518,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group during the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth about $32,000. Assetmark Inc. boosted 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 period. Vision Financial Markets LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth about $55,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth about $55,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA stock opened at $136.99 on Thursday. The company has a 50 day simple moving average of $108.56 and a 200 day simple moving average of $97.90. The stock has a market cap of $325.48 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data 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). The company had revenue of $38.38 billion for the quarter, compared to analyst estimates 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 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on BABA shares. JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Barclays lifted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. 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. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $144.07.

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.