Captrust Financial Advisors Has $950,000 Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Captrust Financial Advisors lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,200 shares of the specialty retailer’s stock after purchasing an additional 536 shares during the period. Captrust Financial Advisors’ holdings in Alibaba Group were worth $950,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BABA. Rings Capital Management LLC boosted its holdings in Alibaba Group by 1.4% in the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock valued at $602,000 after acquiring an additional 100 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 101 shares during the period. Global Endowment Management LP increased its position in shares of Alibaba Group by 1.4% during the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock worth $642,000 after buying an additional 106 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake 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 last quarter. Finally, TBH Global Asset Management LLC lifted its holdings in Alibaba Group by 2.4% in the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of recent analyst reports. Benchmark increased their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Bank of America boosted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a report on Wednesday. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Finally, Robert W. Baird boosted their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Fourteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $150.36.

Alibaba Group Price Performance

BABA opened at $123.48 on Friday. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $294.86 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 0.61 and a beta of 0.24. The firm’s fifty day moving average price is $123.70 and its two-hundred day moving average price is $107.05.

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 the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share 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.