Verus Capital Partners LLC Acquires Shares of 4,427 Alibaba Group Holding Limited (NYSE:BABA)

Verus Capital Partners LLC acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, Holdings Channel.com reports. The firm acquired 4,427 shares of the specialty retailer’s stock, valued at approximately $375,000.

A number of other hedge funds have also bought and sold shares of the company. TRUE Private Wealth Advisors increased its position in 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 acquiring an additional 112 shares during the last quarter. TBH Global Asset Management LLC boosted its stake in shares of Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after purchasing an additional 112 shares during the period. Venturi Wealth Management LLC boosted its stake 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 valued at $228,000 after purchasing an additional 121 shares during the period. Capital Investment Advisory Services LLC boosted its stake in shares of Alibaba Group by 3.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock valued at $329,000 after purchasing an additional 124 shares during the period. Finally, Sivia Capital Partners LLC boosted its stake in shares of Alibaba Group by 3.6% during 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. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of a number of recent analyst reports. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $100.00 to $180.00 in a research note on Monday, February 24th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Mizuho boosted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Citigroup boosted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Robert W. Baird boosted their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Fifteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $132.45 on Friday. The company has a market capitalization of $314.70 billion, a PE ratio of 19.14, a P/E/G 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. The company has a 50-day simple moving average of $100.36 and a two-hundred day simple moving average of $94.88. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.30.

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

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.