Northstar Group Inc. Acquires 193 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Northstar Group Inc. grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 4.6% during the 4th quarter, HoldingsChannel reports. The firm owned 4,350 shares of the specialty retailer’s stock after purchasing an additional 193 shares during the quarter. Northstar Group Inc.’s holdings in Alibaba Group were worth $369,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BABA. TRUE Private Wealth Advisors grew its holdings in shares of Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 112 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares during the period. Capital Investment Advisory Services LLC grew its stake in shares of Alibaba Group by 3.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after purchasing an additional 124 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Alibaba Group by 3.6% in the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after purchasing an additional 134 shares during the period. Finally, Wynn Capital LLC raised its position in Alibaba Group by 1.0% during the 4th quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock worth $1,103,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup raised their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Robert W. Baird boosted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays decreased their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Finally, StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Trading Up 3.3 %

NYSE:BABA opened at $103.71 on Friday. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $117.82. The company has a market cap of $246.69 billion, a PE ratio of 21.04, a PEG ratio of 0.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a 50-day moving average of $87.72 and a 200-day moving average of $89.41.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $1.82 earnings per share. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS 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.