Alibaba Group Holding Limited (NYSE:BABA) Stake Raised by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 35.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,505 shares of the specialty retailer’s stock after acquiring an additional 1,451 shares during the period. Evolution Wealth Advisors LLC’s holdings in Alibaba Group were worth $467,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BABA. Kelleher Financial Advisors raised its stake in shares of Alibaba Group by 1.6% during the 4th quarter. Kelleher Financial Advisors now owns 10,218 shares of the specialty retailer’s stock worth $866,000 after purchasing an additional 165 shares in the last quarter. Missouri Trust & Investment Co raised its stake in shares of Alibaba Group by 12.3% during the 4th quarter. Missouri Trust & Investment Co now owns 13,680 shares of the specialty retailer’s stock worth $1,160,000 after purchasing an additional 1,500 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth about $223,000. Beaumont Financial Advisors LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth about $8,976,000. Finally, Atomi Financial Group Inc. raised its stake in shares of Alibaba Group by 12.2% during the 4th quarter. Atomi Financial Group Inc. now owns 22,489 shares of the specialty retailer’s stock worth $1,907,000 after purchasing an additional 2,443 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BABA. Bank of America raised their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Mizuho raised their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Barclays cut their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Finally, Citigroup raised their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Two research 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 a consensus rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Stock Performance

BABA opened at $86.49 on Thursday. The firm has a market capitalization of $206.00 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 0.45 and a beta of 0.30. The stock’s 50 day moving average price is $85.73 and its two-hundred day moving average price is $88.01. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter last year, the firm earned $1.82 EPS. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

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.