Caprock Group LLC Has $4.80 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Caprock Group LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 12.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,264 shares of the specialty retailer’s stock after purchasing an additional 4,978 shares during the quarter. Caprock Group LLC’s holdings in Alibaba Group were worth $4,803,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its stake in Alibaba Group by 6.0% in the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after buying an additional 121 shares during the period. ICA Group Wealth Management LLC raised its position in shares of Alibaba Group by 14.6% in the 2nd quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 128 shares during the period. Cornerstone Wealth Management LLC boosted its stake in Alibaba Group by 4.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after acquiring an additional 139 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in Alibaba Group by 3.0% in the third quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock valued at $515,000 after purchasing an additional 143 shares in the last quarter. Finally, Concord Wealth Partners raised its holdings in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.9 %

Shares of Alibaba Group stock opened at $89.37 on Tuesday. The stock has a market cap of $213.99 billion, a P/E ratio of 18.13, a P/E/G ratio of 0.39 and a beta of 0.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The business’s 50 day moving average is $98.34 and its 200-day moving average is $85.77.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BABA shares. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Jefferies Financial Group reissued a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research note on Friday, July 26th. Bank of America increased their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Sanford C. Bernstein lifted their price objective on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th. Finally, Mizuho increased their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.53.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.