Wealthfront Advisers LLC Acquires Shares of 112,256 Alibaba Group Holding Limited (NYSE:BABA)

Wealthfront Advisers LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 112,256 shares of the specialty retailer’s stock, valued at approximately $9,518,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group in the fourth quarter worth $31,000. Sierra Ocean LLC acquired a new stake in Alibaba Group in the fourth quarter worth $32,000. Assetmark Inc. raised its holdings in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the period. Vision Financial Markets LLC acquired a new stake in Alibaba Group in the fourth quarter worth $55,000. Finally, Kieckhefer Group LLC acquired a new stake in Alibaba Group in the fourth quarter worth $55,000. 13.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Benchmark increased their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays increased their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Bank of America raised their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Robert W. Baird raised their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Citigroup raised their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group currently has an average rating of “Buy” and an average price target of $144.07.

Alibaba Group Stock Down 1.5 %

Shares of BABA stock opened at $136.99 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.36. The firm’s fifty day moving average price is $108.56 and its two-hundred day moving average price is $97.90. The firm has a market capitalization of $325.48 billion, a P/E ratio of 19.80, a PEG ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. On average, equities analysts predict that Alibaba Group Holding Limited will post 7.86 EPS 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.