Wade G W & Inc. grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,139 shares of the specialty retailer’s stock after buying an additional 43 shares during the period. Wade G W & Inc.’s holdings in Alibaba Group were worth $629,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in BABA. Slow Capital Inc. bought a new position in shares of Alibaba Group in the 3rd quarter worth about $26,000. CVA Family Office LLC bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $29,000. Horan Capital Advisors LLC. bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $29,000. Beese Fulmer Investment Management Inc. purchased a new position in shares of Alibaba Group in the second quarter valued at $36,000. Finally, CX Institutional grew its holdings in shares of Alibaba Group by 500.0% in the third quarter. CX Institutional now owns 150 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 125 shares in the last quarter. 46.02% of the stock is owned by institutional investors and hedge funds.
NYSE BABA opened at $258.31 on Tuesday. The business has a fifty day moving average price of $295.08 and a 200 day moving average price of $254.22. Alibaba Group Holding Limited has a one year low of $169.95 and a one year high of $319.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market cap of $698.89 billion, a P/E ratio of 37.06, a P/E/G ratio of 1.66 and a beta of 1.28.
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 the Thomson Reuters’ consensus estimate of $1.69 by $16.28. The firm had revenue of $155.06 billion during the quarter, compared to the consensus estimate of $155 billion. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the company earned $13.10 EPS. As a group, sell-side analysts predict that Alibaba Group Holding Limited will post 7.88 EPS for the current fiscal year.
A number of research analysts recently weighed in on BABA shares. Barclays raised their target price on shares of Alibaba Group from $360.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, November 9th. Argus raised their target price on shares of Alibaba Group from $260.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Truist raised their target price on shares of Alibaba Group from $285.00 to $308.00 in a report on Wednesday, September 30th. DZ Bank reissued a “buy” rating on shares of Alibaba Group in a report on Thursday, November 5th. Finally, 140166 lifted their price objective on shares of Alibaba Group from $275.00 to $350.00 in a research note on Monday, August 24th. Three investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Alibaba Group presently has an average 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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