Alibaba Group Holding Limited (NYSE:BABA) Holdings Boosted by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 6,325 shares of the specialty retailer’s stock after acquiring an additional 141 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Alibaba Group were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cedar Wealth Management LLC grew its position in shares of Alibaba Group by 21.1% during the fourth quarter. Cedar Wealth Management LLC now owns 9,655 shares of the specialty retailer’s stock worth $819,000 after acquiring an additional 1,682 shares during the last quarter. Mosley Wealth Management increased its stake in shares of Alibaba Group by 9.3% in the fourth quarter. Mosley Wealth Management now owns 5,499 shares of the specialty retailer’s stock valued at $466,000 after purchasing an additional 466 shares during the period. Harbor Advisors LLC raised its holdings in shares of Alibaba Group by 50.0% during the fourth quarter. Harbor Advisors LLC now owns 4,500 shares of the specialty retailer’s stock valued at $382,000 after buying an additional 1,500 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in shares of Alibaba Group by 7.7% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 3,571 shares of the specialty retailer’s stock worth $303,000 after buying an additional 255 shares during the period. Finally, American Century Companies Inc. grew its holdings in Alibaba Group by 5.0% in the 4th quarter. American Century Companies Inc. now owns 1,507,591 shares of the specialty retailer’s stock worth $127,829,000 after buying an additional 72,140 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Down 2.3 %

NYSE:BABA opened at $132.49 on Friday. The stock has a fifty day simple moving average of $121.60 and a 200 day simple moving average of $102.45. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $314.80 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth 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 $148.43.

Alibaba Group (NYSE:BABA) last posted 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 return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analyst Weigh In

BABA has been the topic of several recent analyst reports. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Finally, Mizuho boosted their target price on Alibaba Group from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $148.14.

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.