Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Ridgewood Investments LLC

Ridgewood Investments LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 9.9% during the fourth quarter, HoldingsChannel reports. The firm owned 17,258 shares of the specialty retailer’s stock after buying an additional 1,555 shares during the period. Ridgewood Investments LLC’s holdings in Alibaba Group were worth $1,463,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Diversified Trust Co acquired a new position in shares of Alibaba Group during the fourth quarter worth about $269,000. APEIRON CAPITAL Ltd acquired a new position in Alibaba Group during the fourth quarter worth about $1,475,000. CWA Asset Management Group LLC increased its holdings in Alibaba Group by 20.9% in the fourth quarter. CWA Asset Management Group LLC now owns 35,584 shares of the specialty retailer’s stock valued at $3,017,000 after buying an additional 6,153 shares in the last quarter. Modus Advisors LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $82,000. Finally, Confluence Investment Management LLC increased its holdings in Alibaba Group by 20.5% in the fourth quarter. Confluence Investment Management LLC now owns 2,425 shares of the specialty retailer’s stock valued at $206,000 after buying an additional 412 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Down 3.5 %

NYSE BABA traded down $2.92 during mid-day trading on Friday, reaching $80.77. 7,587,010 shares of the stock were exchanged, compared to its average volume of 10,696,748. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The business’s fifty day simple moving average is $87.93 and its 200 day simple moving average is $87.31. The stock has a market capitalization of $192.47 billion, a PE ratio of 16.38, a PEG ratio of 0.44 and a beta of 0.30. 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 announced its quarterly 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 net margin of 8.98% and a return on equity of 12.28%. Alibaba Group’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $1.82 EPS. On average, research analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BABA has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Benchmark reaffirmed a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Mizuho increased their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Barclays dropped 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 note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.07.

Alibaba Group Company 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.