Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by TBH Global Asset Management LLC

TBH Global Asset Management LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 4,795 shares of the specialty retailer’s stock after purchasing an additional 112 shares during the quarter. TBH Global Asset Management LLC’s holdings in Alibaba Group were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Concord Wealth Partners increased its stake in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the 4th quarter worth approximately $31,000. Sierra Ocean LLC bought a new position in Alibaba Group in the 4th quarter worth approximately $32,000. Highline Wealth Partners LLC acquired a new stake in Alibaba Group in the 3rd quarter valued at approximately $36,000. Finally, Assetmark Inc. raised its stake in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 275 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BABA has been the topic of a number of research analyst reports. Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Mizuho boosted 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. Robert W. Baird upped their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus target price of $116.93.

Alibaba Group Stock Down 1.0 %

Shares of Alibaba Group stock opened at $125.57 on Thursday. 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 $129.02. The firm has a market capitalization of $298.36 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. The stock’s fifty day moving average is $93.37 and its 200-day moving average is $92.11.

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.