Baystate Wealth Management LLC Grows Position in Alibaba Group Holding Limited (NYSE:BABA)

Baystate Wealth Management LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 184.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 333 shares of the specialty retailer’s stock after purchasing an additional 216 shares during the period. Baystate Wealth Management LLC’s holdings in Alibaba Group were worth $26,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Princeton Global Asset Management LLC bought a new stake in Alibaba Group during the third quarter valued at about $26,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Alibaba Group during the third quarter valued at about $27,000. GPS Wealth Strategies Group LLC raised its holdings 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 valued at $28,000 after acquiring an additional 175 shares during the period. First Command Advisory Services Inc. bought a new stake in Alibaba Group during the third quarter valued at about $30,000. Finally, Milestone Investment Advisors LLC bought a new stake in Alibaba Group during the third quarter valued at about $31,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BABA. Macquarie cut Alibaba Group from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $88.50 to $85.40 in a report on Thursday, February 8th. Barclays reduced their target price on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a report on Friday, January 12th. JPMorgan Chase & Co. reduced their price objective on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Susquehanna reduced their price objective on Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, February 8th. Finally, Citigroup reduced their price objective on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group Stock Down 4.8 %

Shares of NYSE:BABA opened at $71.29 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $180.90 billion, a PE ratio of 13.15 and a beta of 0.46. The business has a 50 day simple moving average of $73.59 and a two-hundred day simple moving average of $76.33. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The firm had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.44 EPS. On average, equities analysts predict that Alibaba Group Holding Limited will post 7.97 EPS for the current 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.