U.S. Capital Wealth Advisors LLC Increases Stake in Alibaba Group Holding Limited

U.S. Capital Wealth Advisors LLC significantly increased its investment in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to their recent Form 13F filing with the Securities and Exchange Commission. The firm raised its ownership by 95.2%, acquiring an additional 45,695 shares during this period. As a result, U.S. Capital Wealth Advisors LLC now holds a total of 93,689 shares of the specialty retailer's stock, which is valued at approximately $7,944,000 as of the end of the last quarter.

In addition to U.S. Capital Wealth Advisors, other institutional investors and hedge funds have made noteworthy changes to their positions in Alibaba. Foundations Investment Advisors LLC boosted its stake by 21.1% in the fourth quarter, bringing its holdings to 155,440 shares with an estimated value of $13,180,000 after purchasing 27,088 additional shares. Similarly, Exchange Traded Concepts LLC increased its position by 131.2% during the same quarter, now owning 74,807 shares worth about $6,343,000 after buying 42,446 shares.

Moreover, Generate Investment Management Ltd established a new position in Alibaba Group in the third quarter, which is valued around $12,656,000. Nations Financial Group Inc. IA ADV increased its stake by 63.9% in the same quarter, now holding 28,716 shares valued at $3,047,000 after acquiring 11,192 additional shares. Handelsbanken Fonder AB also raised its stake by 6.5%, owning 822,904 shares valued at $87,327,000 after buying 50,000 additional shares. Overall, hedge funds and institutional investors currently own approximately 13.47% of Alibaba's stock.

Stock Performance of Alibaba Group

As of Friday, Alibaba Group's stock (NYSE:BABA) opened at $98.65. The company has a debt-to-equity ratio of 0.16, along with a current ratio and quick ratio both standing at 1.37. Over the past year, Alibaba has experienced a low of $68.36 and a high of $117.82. The stock is currently enjoying a 50-day simple moving average of $86.58 and a 200-day simple moving average of $88.83. Alibaba boasts a market capitalization of $234.66 billion, with a price-to-earnings (P/E) ratio of 20.01 and a P/E to growth (P/E/G) ratio of 0.41, along with a beta of 0.30.

Recent Earnings Report

Alibaba Group recently announced its earnings results on November 15. The company reported earnings per share (EPS) of $15.06 for the quarter, surpassing analysts' consensus estimate of $1.87 by $13.19. The reported revenue for the quarter was $236.50 billion, slightly below the anticipated $239.45 billion. The firm's net margin stood at 8.98%, and it achieved a return on equity of 12.28%. In comparison to last year's quarter, Alibaba's revenue increased by 5.2%. Analysts are currently predicting that Alibaba Group will report an EPS of 7.86 for the current fiscal year.

Analyst Predictions

A number of analysts have recently provided their insights on Alibaba Group. Bank of America raised its price target for the stock from $106.00 to $124.00, categorizing it as a "buy" in a report from October 9. Mizuho also increased their target from $92.00 to $113.00, offering an "outperform" rating on November 12. Benchmark reaffirmed a "buy" rating with a target set at $118.00 on November 15. Likewise, Robert W. Baird lifted their target from $88.00 to $110.00, also giving it an "outperform" rating on October 24. Recently, StockNews.com downgraded the shares from a "strong-buy" rating to a "buy" rating in December. Currently, there are two analysts holding a "hold" rating, while fourteen analysts recommend a "buy". According to MarketBeat, the average rating for Alibaba Group is classified as a "Moderate Buy" with a consensus target price sitting at $115.13.

About Alibaba Group

Alibaba Group Holding Limited, through its various subsidiaries, provides technology infrastructure and marketing capabilities to help merchants, brands, retailers, and businesses engage with customers in both China and internationally. The company is structured into seven primary segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Investment, Shares, Earnings