Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Rothschild Investment LLC

Rothschild Investment LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1,504.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,717 shares of the specialty retailer’s stock after acquiring an additional 1,610 shares during the period. Rothschild Investment LLC’s holdings in Alibaba Group were worth $146,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Concord Wealth Partners lifted its position in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the period. Highline Wealth Partners LLC purchased a new position in Alibaba Group during the third quarter worth about $36,000. Decker Retirement Planning Inc. purchased a new position in Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group during the fourth quarter worth about $32,000. Finally, Assetmark Inc. lifted its position in Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $134.04 on Wednesday. The company has a market cap of $318.48 billion, a P/E ratio of 19.37, a PEG ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.30. The business’s 50-day simple moving average is $97.22 and its 200 day simple moving average is $93.81.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $100.00 to $180.00 in a research report on Monday. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Robert W. Baird raised their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Barclays raised their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Benchmark raised their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alibaba Group 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.