Kingswood Wealth Advisors LLC Acquires New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Kingswood Wealth Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,024 shares of the specialty retailer’s stock, valued at approximately $544,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Princeton Global Asset Management LLC purchased a new stake in Alibaba Group during the third quarter worth about $26,000. Brown Shipley& Co Ltd increased its stake in Alibaba Group by 3.2% during the second quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 202 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Alibaba Group during the third quarter worth about $27,000. GPS Wealth Strategies Group LLC increased its stake in Alibaba Group by 116.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 175 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in shares of Alibaba Group during the third quarter worth about $30,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BABA shares. Macquarie downgraded Alibaba Group from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $88.50 to $85.40 in a research report on Thursday, February 8th. Susquehanna lowered their price objective on Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $90.00 price target (down from $110.00) on shares of Alibaba Group in a report on Friday, December 1st. The Goldman Sachs Group lowered their price target on Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Finally, Robert W. Baird lowered their price target on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.44.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $71.60 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $105.05. The stock has a 50 day moving average of $73.39 and a two-hundred day moving average of $77.64. The stock has a market cap of $181.69 billion, a P/E ratio of 13.20 and a beta of 0.47.

Alibaba Group (NYSE:BABA) last issued its quarterly 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). The company had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. Alibaba Group’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.44 earnings per share. On average, research analysts forecast that Alibaba Group Holding Limited will post 7.97 earnings per share for the current year.

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.