PDS Planning Inc Has $467,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

PDS Planning Inc grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,502 shares of the specialty retailer’s stock after buying an additional 408 shares during the period. PDS Planning Inc’s holdings in Alibaba Group were worth $467,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Lindbrook Capital LLC lifted its position 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 valued at $240,000 after buying an additional 101 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock valued at $266,000 after buying an additional 108 shares during the last quarter. TRUE Private Wealth Advisors lifted its position in shares of Alibaba Group by 3.7% in the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 112 shares during the last quarter. TBH Global Asset Management LLC lifted its position in shares of Alibaba Group by 2.4% in the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after buying an additional 112 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its position 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 valued at $329,000 after buying an additional 124 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Alibaba Group stock opened at $142.67 on Wednesday. The stock’s fifty day moving average price is $113.14 and its two-hundred day moving average price is $99.73. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $338.97 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. As a group, research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Arete Research raised Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Finally, Benchmark lifted their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $144.07.

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.