Retireful LLC Makes New $214,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Retireful LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,522 shares of the specialty retailer’s stock, valued at approximately $214,000.

A number of other hedge funds have also recently made changes to their positions in BABA. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group in the 2nd quarter worth $27,000. Concord Wealth Partners grew its stake in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in shares of Alibaba Group in the third quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alibaba Group in the 2nd quarter valued at about $38,000. Finally, Assetmark Inc. boosted its holdings 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 during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Down 0.0 %

BABA stock opened at $82.40 on Friday. The company has a market capitalization of $196.27 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 0.40 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The business’s 50 day moving average price is $86.59 and its two-hundred day moving average price is $87.63. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter in the prior year, the company earned $1.82 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, analysts forecast that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays lowered their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Monday, October 7th. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Robert W. Baird boosted their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.13.

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.