25,662 Shares in Alibaba Group Holding Limited (NYSE:BABA) Purchased by L & S Advisors Inc

L & S Advisors Inc bought a new position in Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, Holdings Channel.com reports. The firm bought 25,662 shares of the specialty retailer’s stock, valued at approximately $2,723,000.

Other institutional investors also recently modified their holdings of the company. Concord Wealth Partners raised its stake in shares of Alibaba Group by 155.0% during the 3rd 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. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group in the second quarter valued at approximately $27,000. Highline Wealth Partners LLC purchased a new stake in Alibaba Group in the third quarter worth $36,000. First Command Advisory Services Inc. purchased a new position in shares of Alibaba Group during the 2nd quarter valued at $25,000. Finally, GPS Wealth Strategies Group LLC raised its stake in Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 209 shares during the period. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of recent research reports. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Monday, October 7th. Loop Capital reiterated a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Mizuho raised 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. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Trading Up 0.0 %

NYSE BABA opened at $86.80 on Thursday. The stock’s 50-day simple moving average is $98.45 and its two-hundred day simple moving average is $85.82. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The company has a quick ratio of 1.41, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $207.83 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 0.43 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last issued 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. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. During the same period last year, the business earned $1.82 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts forecast that Alibaba Group Holding Limited will post 8.51 EPS for the current fiscal year.

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.