Aaron Wealth Advisors LLC Buys 1,395 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Aaron Wealth Advisors LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 30.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,987 shares of the specialty retailer’s stock after acquiring an additional 1,395 shares during the period. Aaron Wealth Advisors LLC’s holdings in Alibaba Group were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of Alibaba Group by 8.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 348,934 shares of the specialty retailer’s stock valued at $25,123,000 after purchasing an additional 27,058 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Alibaba Group by 8.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,007 shares of the specialty retailer’s stock valued at $937,000 after acquiring an additional 964 shares during the last quarter. XTX Topco Ltd raised its stake in Alibaba Group by 83.5% during the second quarter. XTX Topco Ltd now owns 12,885 shares of the specialty retailer’s stock worth $928,000 after acquiring an additional 5,865 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Alibaba Group by 9.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,382 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 290 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Alibaba Group by 226.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 160,400 shares of the specialty retailer’s stock valued at $11,549,000 after purchasing an additional 111,300 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $85.16 on Monday. The company has a market cap of $202.93 billion, a P/E ratio of 17.27, a PEG ratio of 0.40 and a beta of 0.30. 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 business has a 50-day moving average price of $86.06 and a two-hundred day moving average price of $87.78. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82.

Alibaba Group (NYSE:BABA) last issued its earnings results 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. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. As a group, analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analysts Set New Price Targets

BABA has been the subject of several research reports. Mizuho increased their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays dropped their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Benchmark restated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Robert W. Baird increased their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Citigroup boosted their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. 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 company presently has an average rating of “Moderate Buy” and an average price target 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.