Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 6.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,143 shares of the specialty retailer’s stock after purchasing an additional 748 shares during the period. Sequoia Financial Advisors LLC’s holdings in Alibaba Group were worth $1,114,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group in the 4th quarter valued at $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the fourth quarter valued at $32,000. Assetmark Inc. boosted its stake in shares of 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 during the period. Kieckhefer Group LLC acquired a new position in Alibaba Group in the 4th quarter valued at about $55,000. Finally, Vision Financial Markets LLC acquired a new position in Alibaba Group in the 4th quarter valued at about $55,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BABA shares. Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Benchmark lifted their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays upped their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Trading Up 1.9 %

NYSE:BABA opened at $140.99 on Friday. The company has a market capitalization of $334.99 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $145.36. The stock has a fifty day simple moving average of $110.73 and a 200-day simple moving average of $98.71. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

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