Encompass Wealth Advisors LLC Acquires Shares of 320 Alibaba Group Holding Limited (NYSE:BABA)

Encompass Wealth Advisors LLC acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 320 shares of the specialty retailer’s stock, valued at approximately $74,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BABA. Norges Bank acquired a new position in shares of Alibaba Group in the 4th quarter valued at $5,713,083,000. Itau Unibanco Holding S.A. lifted its stake in shares of Alibaba Group by 25,325.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 6,693,471 shares of the specialty retailer’s stock valued at $11,245,000 after purchasing an additional 6,667,145 shares during the period. Credit Suisse AG lifted its stake in shares of Alibaba Group by 25.0% in the 4th quarter. Credit Suisse AG now owns 15,238,996 shares of the specialty retailer’s stock valued at $3,546,573,000 after purchasing an additional 3,043,637 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Alibaba Group by 53.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,828,266 shares of the specialty retailer’s stock valued at $890,952,000 after purchasing an additional 1,328,086 shares during the period. Finally, E Fund Management Co. Ltd. acquired a new position in shares of Alibaba Group in the 4th quarter valued at $233,428,000. Institutional investors and hedge funds own 40.38% of the company’s stock.

Several equities analysts recently issued reports on BABA shares. HSBC boosted their target price on shares of Alibaba Group from $329.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Macquarie reissued an “outperform” rating and issued a $407.00 price target (down previously from $421.00) on shares of Alibaba Group in a report on Thursday, April 1st. KeyCorp cut their price target on shares of Alibaba Group from $355.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, January 15th. Truist boosted their price target on shares of Alibaba Group from $326.00 to $330.00 in a report on Friday, March 19th. Finally, Citigroup upped their target price on shares of Alibaba Group from $316.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $321.00.

Shares of NYSE:BABA opened at $225.42 on Thursday. The firm’s 50 day moving average price is $237.68 and its 200 day moving average price is $261.24. The stock has a market cap of $609.90 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Alibaba Group Holding Limited has a fifty-two week low of $189.53 and a fifty-two week high of $319.32. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA) last issued its earnings results on Monday, February 1st. The specialty retailer reported $22.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $19.25. The firm had revenue of $221.08 billion for the quarter, compared to analysts’ expectations of $214.39 billion. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. The firm’s revenue was up 36.9% compared to the same quarter last year. During the same quarter last year, the company earned $18.19 earnings per share. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 7.84 EPS for the current year.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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