OneDigital Investment Advisors LLC Grows Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

OneDigital Investment Advisors LLC grew its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 93.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,607 shares of the specialty retailer's stock after purchasing an additional 10,918 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Alibaba Group were worth $1,917,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BABA. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group during the 4th quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL increased its position in shares of Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Redwood Park Advisors LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at $52,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth $55,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Arete Research raised Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Bank of America upped their price target on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Barclays increased their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Fourteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Price Performance

Shares of BABA traded down $2.39 during mid-day trading on Monday, hitting $117.89. The company's stock had a trading volume of 4,376,584 shares, compared to its average volume of 28,963,631. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $126.47 and a 200 day simple moving average of $104.80. The firm has a market capitalization of $281.72 billion, a P/E ratio of 17.04, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal 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.