Cooper Financial Group Acquires 553 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Cooper Financial Group increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,915 shares of the specialty retailer’s stock after purchasing an additional 553 shares during the quarter. Cooper Financial Group’s holdings in Alibaba Group were worth $925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. TRUE Private Wealth Advisors raised 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 valued at $331,000 after purchasing an additional 112 shares during the period. Venturi Wealth Management LLC raised its stake in Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after buying an additional 121 shares during the period. ICA Group Wealth Management LLC boosted its holdings in Alibaba Group by 14.6% in the second quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 128 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Alibaba Group by 4.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock valued at $361,000 after acquiring an additional 139 shares during the period. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Alibaba Group by 3.0% during the third quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock valued at $515,000 after acquiring an additional 143 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Barclays cut their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group Stock Up 0.0 %

BABA stock opened at $80.56 on Tuesday. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The stock has a fifty day moving average of $87.23 and a 200-day moving average of $87.60. The company has a market capitalization of $191.97 billion, a price-to-earnings ratio of 16.34, 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 posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s revenue 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 predict that Alibaba Group Holding Limited will post 8.44 earnings per share for the current 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.