SkyView Investment Advisors LLC Makes New $637,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

SkyView Investment Advisors LLC acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 6,000 shares of the specialty retailer’s stock, valued at approximately $637,000.

A number of other institutional investors have also recently made changes to their positions in BABA. Assenagon Asset Management S.A. increased its position in Alibaba Group by 1,392.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock valued at $650,043,000 after buying an additional 5,715,155 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Alibaba Group by 3,180.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after acquiring an additional 3,740,150 shares during the last quarter. Hhlr Advisors LTD. increased its holdings in shares of Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after acquiring an additional 3,448,152 shares in the last quarter. FMR LLC raised its position in shares of Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after purchasing an additional 2,959,954 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Alibaba Group by 9,205.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer’s stock worth $1,801,240,000 after purchasing an additional 1,679,117 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BABA. Mizuho upped their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial reduced their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Robert W. Baird boosted their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Morgan Stanley restated an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. Finally, Barclays dropped their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $89.25 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s 50 day simple moving average is $95.83 and its 200-day simple moving average is $86.23. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. The stock has a market capitalization of $213.29 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 0.42 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share 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 company had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Alibaba Group Profile

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.