Waterfront Wealth Inc. Purchases 1,721 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Waterfront Wealth Inc. raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 8.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 21,211 shares of the specialty retailer’s stock after acquiring an additional 1,721 shares during the period. Waterfront Wealth Inc.’s holdings in Alibaba Group were worth $1,798,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. North of South Capital LLP lifted its stake in Alibaba Group by 17.9% in the 4th quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer’s stock valued at $167,525,000 after acquiring an additional 300,432 shares in the last quarter. ING Groep NV bought a new stake in shares of Alibaba Group during the 4th quarter worth approximately $227,000. TBH Global Asset Management LLC raised its stake in shares of Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after purchasing an additional 112 shares in the last quarter. Financial Sense Advisors Inc. bought a new stake in shares of Alibaba Group during the 4th quarter worth approximately $713,000. Finally, Jessup Wealth Management Inc raised its stake in shares of Alibaba Group by 780.0% during the 4th quarter. Jessup Wealth Management Inc now owns 83,962 shares of the specialty retailer’s stock worth $7,119,000 after purchasing an additional 74,421 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BABA shares. Robert W. Baird upped their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup upped their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Finally, Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $116.93.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $136.26 on Friday. 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’s fifty day moving average price is $94.31 and its two-hundred day moving average price is $92.42. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $144.51. The firm has a market cap of $323.74 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 0.54 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

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.