Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 21.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 155,440 shares of the specialty retailer’s stock after acquiring an additional 27,088 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Alibaba Group were worth $13,180,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BABA. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group in the 2nd quarter valued at about $27,000. Concord Wealth Partners lifted its stake in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group in the 4th quarter valued at about $31,000. Highline Wealth Partners LLC acquired a new position in Alibaba Group during the 3rd quarter worth approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Alibaba Group during the 2nd quarter worth approximately $38,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $90.77 on Monday. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. 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 company has a market capitalization of $216.19 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30. The business has a 50 day simple moving average of $85.54 and a 200-day simple moving average of $88.27.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BABA has been the topic of several recent research reports. Mizuho boosted their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Bank of America boosted their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Citigroup boosted their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Finally, Barclays reduced their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $115.13.

About Alibaba Group

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.