Jaffetilchin Investment Partners LLC Has $237,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

Jaffetilchin Investment Partners LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,795 shares of the specialty retailer’s stock after buying an additional 171 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Alibaba Group were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BABA. Lindbrook Capital LLC lifted its stake in shares of Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after acquiring an additional 101 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Alibaba Group by 3.6% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after purchasing an additional 108 shares during the period. TBH Global Asset Management LLC boosted its stake in shares of Alibaba Group by 2.4% in the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after purchasing an additional 112 shares during the last quarter. Xponance Inc. increased its position in shares of Alibaba Group by 4.5% during the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer’s stock worth $230,000 after buying an additional 116 shares during the period. Finally, TRUE Private Wealth Advisors raised its stake in Alibaba Group by 3.7% during the fourth quarter. TRUE Private Wealth Advisors now owns 3,239 shares of the specialty retailer’s stock worth $275,000 after buying an additional 116 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Robert W. Baird upped their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Bank of America upped their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Benchmark raised their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Mizuho boosted their price target on Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, March 28th. Finally, Barclays raised 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. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $150.36.

Alibaba Group Stock Up 3.6 %

Shares of NYSE BABA opened at $107.89 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $148.43. The stock has a market capitalization of $256.26 billion, a P/E ratio of 15.59, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a 50-day moving average price of $126.59 and a 200-day moving average price of $104.64.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, equities research analysts forecast 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.