Empowered Funds LLC Acquires Shares of 2,540 Alibaba Group Holding Limited (NYSE:BABA)

Empowered Funds LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,540 shares of the specialty retailer’s stock, valued at approximately $215,000.

Several other hedge funds also recently bought and sold shares of BABA. Concord Wealth Partners grew its position in 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 acquiring an additional 155 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group in the 4th quarter worth $31,000. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth $36,000. Assetmark Inc. lifted its holdings in shares of Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the period. Finally, Kieckhefer Group LLC purchased a new stake in shares of Alibaba Group in the 4th quarter worth $55,000. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of several research reports. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. Benchmark upped their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Bank of America upped their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday. Finally, Mizuho upped their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average target price of $131.93.

Alibaba Group Trading Up 5.7 %

Shares of NYSE:BABA opened at $143.67 on Friday. The business’s 50-day moving average is $95.43 and its 200 day moving average is $92.88. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.30. The firm has a market capitalization of $341.36 billion, a P/E ratio of 29.14, a P/E/G ratio of 0.53 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. On average, research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.