Strategic Investment Advisors MI Takes $229,000 Position in Alibaba Group Holding Ltd (NYSE:BABA)

Strategic Investment Advisors MI bought a new position in Alibaba Group Holding Ltd (NYSE:BABA) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 778 shares of the specialty retailer’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. RFG Advisory LLC lifted its stake in Alibaba Group by 2.4% during the third quarter. RFG Advisory LLC now owns 1,383 shares of the specialty retailer’s stock worth $407,000 after purchasing an additional 33 shares during the period. Taylor Cottrill Erickson & Associates Inc. raised its holdings in shares of Alibaba Group by 1.7% in the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 2,136 shares of the specialty retailer’s stock worth $628,000 after buying an additional 36 shares in the last quarter. Shepherd Financial Partners LLC lifted its position in shares of Alibaba Group by 0.6% during the 2nd quarter. Shepherd Financial Partners LLC now owns 6,886 shares of the specialty retailer’s stock worth $1,485,000 after buying an additional 41 shares during the period. Pegasus Asset Management Inc. boosted its stake in Alibaba Group by 0.5% in the 3rd quarter. Pegasus Asset Management Inc. now owns 8,697 shares of the specialty retailer’s stock valued at $2,557,000 after buying an additional 42 shares in the last quarter. Finally, BTC Capital Management Inc. grew its position in Alibaba Group by 1.7% in the second quarter. BTC Capital Management Inc. now owns 2,701 shares of the specialty retailer’s stock valued at $581,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 46.02% of the company’s stock.

A number of brokerages have issued reports on BABA. National Securities initiated coverage on Alibaba Group in a report on Monday, July 20th. They set a “buy” rating and a $290.00 price objective for the company. Nomura restated a “buy” rating and issued a $309.00 price target on shares of Alibaba Group in a research report on Sunday, August 23rd. Argus raised their price objective on shares of Alibaba Group from $260.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Needham & Company LLC lifted their target price on shares of Alibaba Group from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Finally, Citigroup restated a “buy” rating and set a $316.00 price target on shares of Alibaba Group in a research report on Friday, July 10th. Three investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Alibaba Group presently has a consensus rating of “Buy” and an average price target of $295.09.

BABA opened at $307.31 on Friday. The company has a fifty day moving average price of $283.76 and a two-hundred day moving average price of $239.24. The firm has a market capitalization of $831.47 billion, a PE ratio of 33.12, a P/E/G ratio of 2.14 and a beta of 1.50. Alibaba Group Holding Ltd has a 52 week low of $168.12 and a 52 week high of $310.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.98 and a current ratio of 1.98.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 20th. The specialty retailer reported $14.82 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $13.28. Alibaba Group had a return on equity of 14.13% and a net margin of 31.96%. The business had revenue of $153.75 billion during the quarter, compared to analysts’ expectations of $147.30 billion. During the same period in the previous year, the firm earned $12.55 earnings per share. The firm’s quarterly revenue was up 33.8% compared to the same quarter last year. Equities analysts forecast that Alibaba Group Holding Ltd will post 7.57 EPS for the current year.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in 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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