Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 371.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,672 shares of the specialty retailer’s stock after buying an additional 21,797 shares during the period. RWA Wealth Partners LLC’s holdings in Alibaba Group were worth $2,145,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC raised its holdings in shares of Alibaba Group by 11.8% during the fourth quarter. Jennison Associates LLC now owns 118,341 shares of the specialty retailer’s stock worth $9,173,000 after purchasing an additional 12,530 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of Alibaba Group by 16.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 5,877 shares of the specialty retailer’s stock worth $455,000 after purchasing an additional 811 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Alibaba Group by 40.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,125 shares of the specialty retailer’s stock worth $320,000 after purchasing an additional 1,190 shares during the last quarter. CWM LLC raised its holdings in shares of Alibaba Group by 9.2% during the fourth quarter. CWM LLC now owns 8,269 shares of the specialty retailer’s stock worth $641,000 after purchasing an additional 696 shares during the last quarter. Finally, Kraft Davis & Associates LLC purchased a new position in Alibaba Group in the fourth quarter valued at $484,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of BABA opened at $72.51 on Wednesday. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. The firm’s 50 day moving average price is $73.11 and its 200 day moving average price is $75.57. The company has a market cap of $183.98 billion, a P/E ratio of 13.38 and a beta of 0.47. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $260.26 billion. During the same period in the previous year, the company earned $2.44 earnings per share. Alibaba Group’s quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BABA shares. Mizuho reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Alibaba Group in a report on Wednesday, March 27th. Robert W. Baird cut their price objective on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Citigroup cut their price objective on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. JPMorgan Chase & Co. cut their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Finally, StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $112.91.

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.