Larson Financial Group LLC Raises Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Larson Financial Group LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 57.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,546 shares of the specialty retailer’s stock after acquiring an additional 926 shares during the period. Larson Financial Group LLC’s holdings in Alibaba Group were worth $197,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BABA. Princeton Global Asset Management LLC purchased a new stake in Alibaba Group during the 3rd quarter worth approximately $26,000. Baystate Wealth Management LLC increased its holdings in Alibaba Group by 184.6% during the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Alibaba Group by 116.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $30,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $31,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BABA has been the subject of a number of research analyst reports. Robert W. Baird lowered their price target on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Susquehanna lowered their price target on Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a report on Thursday, February 8th. Macquarie downgraded Alibaba Group from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $88.50 to $85.40 in a report on Thursday, February 8th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Finally, Citigroup reduced their price objective on Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $112.91.

Alibaba Group Trading Up 2.9 %

Shares of BABA stock opened at $74.63 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market capitalization of $189.37 billion, a PE ratio of 13.77 and a beta of 0.46. The stock has a fifty day moving average of $73.14 and a two-hundred day moving average of $75.57. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The firm had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 EPS. As a group, research analysts expect that Alibaba Group Holding Limited will post 7.54 EPS 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.