Alibaba Group Holding Limited (NYSE:BABA) is Boothe Investment Group Inc.’s 10th Largest Position

Boothe Investment Group Inc. lifted its position in Alibaba Group Holding Limited (NYSE:BABA) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,428 shares of the specialty retailer’s stock after acquiring an additional 1,725 shares during the quarter. Alibaba Group makes up about 3.3% of Boothe Investment Group Inc.’s holdings, making the stock its 10th biggest holding. Boothe Investment Group Inc.’s holdings in Alibaba Group were worth $7,667,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. TRUE Private Wealth Advisors lifted its position in shares of Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after acquiring an additional 112 shares in the last quarter. TBH Global Asset Management LLC lifted its position in Alibaba Group by 2.4% in the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after buying an additional 112 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after buying an additional 121 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in Alibaba Group by 3.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after buying an additional 124 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Alibaba Group by 3.6% in the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $143.67 on Monday. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.30. The firm’s fifty day simple moving average is $95.43 and its 200 day simple moving average is $93.09. 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 capitalization of $341.36 billion, a PE ratio of 20.76, a PEG ratio of 0.57 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last posted its earnings results 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BABA shares. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Benchmark increased their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Barclays increased their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird increased their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Citigroup raised their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.93.

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.