Golden State Wealth Management LLC Invests $60,000 in Alibaba Group Holding Limited (NYSE:BABA)

Golden State Wealth Management LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 712 shares of the specialty retailer’s stock, valued at approximately $60,000.

Other hedge funds have also recently bought and sold shares of the company. TRUE Private Wealth Advisors increased its stake in shares of Alibaba Group by 3.7% in the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 112 shares during the last quarter. Venturi Wealth Management LLC increased its position in Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of Alibaba Group by 3.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock valued at $329,000 after buying an additional 124 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Alibaba Group by 3.6% in the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after buying an additional 134 shares in the last quarter. Finally, Wynn Capital LLC increased its holdings in Alibaba Group by 1.0% in the fourth quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock worth $1,103,000 after buying an additional 135 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of recent research reports. Barclays cut their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Robert W. Baird raised their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.86.

Alibaba Group Trading Up 7.7 %

Alibaba Group stock opened at $111.48 on Tuesday. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $117.82. The stock has a market cap of $265.17 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The business has a 50 day moving average price of $88.04 and a two-hundred day moving average price of $89.79. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current 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.