Sanders Morris Harris LLC Boosts Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Sanders Morris Harris LLC grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 398.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,018 shares of the specialty retailer’s stock after buying an additional 20,000 shares during the period. Sanders Morris Harris LLC’s holdings in Alibaba Group were worth $2,128,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC lifted its holdings in shares of Alibaba Group by 31.3% in the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer’s stock worth $1,566,000 after acquiring an additional 4,397 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of Alibaba Group by 11.7% in the 4th quarter. Kathmere Capital Management LLC now owns 5,321 shares of the specialty retailer’s stock worth $451,000 after acquiring an additional 556 shares during the last quarter. Wynn Capital LLC lifted its holdings in Alibaba Group by 1.0% during the 4th quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock valued at $1,103,000 after buying an additional 135 shares in the last quarter. Ignite Planners LLC lifted its holdings in Alibaba Group by 2.5% during the 4th quarter. Ignite Planners LLC now owns 5,737 shares of the specialty retailer’s stock valued at $491,000 after buying an additional 140 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its holdings in Alibaba Group by 3.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 8,371 shares of the specialty retailer’s stock valued at $710,000 after buying an additional 240 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

NYSE:BABA traded down $0.47 during trading hours on Thursday, reaching $81.97. 771,004 shares of the company were exchanged, compared to its average volume of 10,442,558. 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’s 50-day moving average is $86.88 and its 200-day moving average is $87.66. The firm has a market cap of $195.33 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 0.40 and a beta of 0.30. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month 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 for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same period in the prior year, the business posted $1.82 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BABA. Robert W. Baird lifted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America boosted their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Mizuho boosted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays reduced their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Finally, Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.