Koss Olinger Consulting LLC Acquires Shares of 12,752 Alibaba Group Holding Limited (NYSE:BABA)

Koss Olinger Consulting LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,752 shares of the specialty retailer’s stock, valued at approximately $1,081,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group in the fourth quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new stake in Alibaba Group in the fourth quarter valued at approximately $32,000. Assetmark Inc. lifted its stake in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in Alibaba Group in the fourth quarter valued at approximately $55,000. Finally, Vision Financial Markets LLC purchased a new stake in Alibaba Group in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 3.3 %

Alibaba Group stock opened at $142.67 on Wednesday. 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 firm has a market capitalization of $338.97 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The stock’s fifty day moving average is $113.14 and its two-hundred day moving average is $99.73.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BABA shares. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Bank of America upped their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Benchmark upped their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. 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 a consensus price target of $144.07.

Alibaba Group 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.