Valmark Advisers Inc. Increases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

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Valmark Advisers Inc. increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 39.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,396 shares of the specialty retailer’s stock after purchasing an additional 396 shares during the quarter. Valmark Advisers Inc.’s holdings in Alibaba Group were worth $410,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. FMR LLC lifted its position in shares of Alibaba Group by 22.7% in the second quarter. FMR LLC now owns 29,139,029 shares of the specialty retailer’s stock valued at $6,285,287,000 after acquiring an additional 5,388,891 shares in the last quarter. Morgan Stanley increased its holdings in shares of Alibaba Group by 31.9% in the 1st quarter. Morgan Stanley now owns 18,356,646 shares of the specialty retailer’s stock worth $3,569,998,000 after buying an additional 4,443,526 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Alibaba Group by 32.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 16,916,032 shares of the specialty retailer’s stock worth $3,648,788,000 after buying an additional 4,102,571 shares during the last quarter. FIL Ltd increased its holdings in shares of Alibaba Group by 0.7% in the 2nd quarter. FIL Ltd now owns 16,427,489 shares of the specialty retailer’s stock worth $3,543,411,000 after buying an additional 118,274 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Alibaba Group by 2.2% in the 2nd quarter. Fisher Asset Management LLC now owns 13,549,626 shares of the specialty retailer’s stock worth $2,922,654,000 after buying an additional 285,277 shares during the last quarter. Hedge funds and other institutional investors own 46.02% of the company’s stock.

BABA opened at $260.37 on Tuesday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.12. The firm has a market cap of $698.89 billion, a P/E ratio of 37.06, a PEG ratio of 1.66 and a beta of 1.28. Alibaba Group Holding Limited has a 52 week low of $169.95 and a 52 week high of $319.32. The business’s fifty day simple moving average is $295.08 and its 200 day simple moving average is $254.22.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, November 5th. The specialty retailer reported $17.97 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $16.28. The business had revenue of $155.06 billion for the quarter, compared to analyst estimates of $155 billion. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the company earned $13.10 earnings per share. As a group, equities analysts expect that Alibaba Group Holding Limited will post 7.88 EPS for the current fiscal year.

A number of equities analysts have recently commented on the stock. China Renaissance Securities increased their price target on shares of Alibaba Group from $315.00 to $355.00 in a report on Tuesday, October 13th. 140166 increased their price target on shares of Alibaba Group from $275.00 to $350.00 in a research report on Monday, August 24th. DZ Bank reissued a “buy” rating on shares of Alibaba Group in a research report on Thursday, November 5th. Zacks Investment Research cut shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $280.00 price target for the company. in a research report on Thursday, November 12th. Finally, Truist increased their price target on shares of Alibaba Group from $285.00 to $308.00 in a research report on Wednesday, September 30th. Three equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $306.96.

About Alibaba Group

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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