Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Cedar Wealth Management LLC

Cedar Wealth Management LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,655 shares of the specialty retailer’s stock after acquiring an additional 1,682 shares during the quarter. Cedar Wealth Management LLC’s holdings in Alibaba Group were worth $819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BABA. Lindbrook Capital LLC grew its position in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after buying an additional 101 shares during the period. Pinnacle Wealth Planning Services Inc. grew its position in Alibaba Group by 3.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after buying an additional 108 shares during the period. TRUE Private Wealth Advisors grew 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 worth $331,000 after buying an additional 112 shares during the period. TBH Global Asset Management LLC grew its position in 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 worth $407,000 after buying an additional 112 shares during the period. Finally, Xponance Inc. grew its position in Alibaba Group by 4.5% during the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer’s stock worth $230,000 after buying an additional 116 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on BABA. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Robert W. Baird increased their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Price Performance

BABA opened at $135.16 on Friday. The company has a fifty day simple moving average of $116.49 and a 200 day simple moving average of $100.78. The firm has a market cap of $321.14 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 0.61 and a beta of 0.27. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $148.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion for 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%. Equities 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.