Kelleher Financial Advisors Has $866,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Kelleher Financial Advisors lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,218 shares of the specialty retailer’s stock after purchasing an additional 165 shares during the quarter. Kelleher Financial Advisors’ holdings in Alibaba Group were worth $866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. TRUE Private Wealth Advisors grew 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 purchasing an additional 112 shares during the period. Venturi Wealth Management LLC grew its position in shares of Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after purchasing an additional 121 shares during the period. Sivia Capital Partners LLC grew its position in shares of Alibaba Group by 3.6% in the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after purchasing an additional 134 shares during the period. Wynn Capital LLC grew its position in shares of Alibaba Group by 1.0% in the 4th quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 135 shares during the period. Finally, Cornerstone Wealth Management LLC grew its position in shares of Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock valued at $361,000 after purchasing an additional 139 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Up 1.3 %

BABA opened at $86.49 on Thursday. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $117.82. The stock’s fifty day simple moving average is $85.73 and its 200 day simple moving average is $88.01. 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 stock has a market cap of $206.00 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 0.45 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the prior year, the business earned $1.82 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird boosted their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Monday, October 7th. Citigroup boosted their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.13.

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.