Root Financial Partners LLC Boosts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Root Financial Partners LLC grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,090 shares of the specialty retailer’s stock after buying an additional 1,768 shares during the quarter. Root Financial Partners LLC’s holdings in Alibaba Group were worth $1,195,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Concord Wealth Partners boosted its position in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group in the third quarter valued at about $36,000. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $31,000. Assetmark Inc. boosted its holdings in Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Alibaba Group during the fourth quarter worth about $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.0 %

NYSE BABA opened at $119.55 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $119.81. The company’s 50 day moving average price is $89.76 and its 200 day moving average price is $90.50. The firm has a market capitalization of $284.38 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.82 EPS. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com lowered Alibaba Group from a “buy” rating to a “hold” rating in a research note on Thursday. Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Barclays decreased their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Finally, Robert W. Baird lifted their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $115.86.

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.