Aaron Wealth Advisors LLC Has $508,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

Aaron Wealth Advisors LLC lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 30.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,987 shares of the specialty retailer’s stock after acquiring an additional 1,395 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Alibaba Group were worth $508,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Whitaker Myers Wealth Managers LTD. bought a new position in shares of Alibaba Group in the fourth quarter worth about $261,000. Riversedge Advisors LLC increased its holdings in shares of Alibaba Group by 41.0% in the fourth quarter. Riversedge Advisors LLC now owns 2,664 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 774 shares in the last quarter. Udine Wealth Management Inc. raised its position in Alibaba Group by 4.9% in the 4th quarter. Udine Wealth Management Inc. now owns 24,180 shares of the specialty retailer’s stock worth $2,050,000 after purchasing an additional 1,119 shares during the last quarter. O Keefe Stevens Advisory Inc. lifted its holdings in Alibaba Group by 20.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 76,679 shares of the specialty retailer’s stock worth $6,502,000 after buying an additional 12,761 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Alibaba Group in the 4th quarter valued at $87,000. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BABA has been the topic of several research reports. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a research note on Monday, October 7th. Bank of America lifted their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Citigroup increased their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Finally, StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $85.16 on Monday. The company has a fifty day moving average price of $86.06 and a 200 day moving average price of $87.78. The firm has a market cap of $202.93 billion, a PE ratio of 17.27, a PEG ratio of 0.40 and a beta of 0.30. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. Research analysts predict that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

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.