Calamos Wealth Management LLC Grows Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Calamos Wealth Management LLC boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,342 shares of the specialty retailer’s stock after acquiring an additional 1,124 shares during the period. Calamos Wealth Management LLC’s holdings in Alibaba Group were worth $1,555,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Concord Wealth Partners grew its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in Alibaba Group during the third quarter valued at $36,000. Decker Retirement Planning Inc. purchased a new position in Alibaba Group during the fourth quarter worth approximately $31,000. Assetmark Inc. raised its position in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Alibaba Group during the second quarter worth about $38,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $98.68 on Tuesday. The firm has a market capitalization of $234.72 billion, a P/E ratio of 20.02, a PEG ratio of 0.42 and a beta of 0.31. The company’s fifty day moving average is $86.58 and its two-hundred day moving average is $88.92. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. Alibaba Group’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the subject of several recent research reports. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Monday, October 7th. Benchmark reiterated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Mizuho raised their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.13.

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.