Atria Investments LLC raised its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 24.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,606 shares of the specialty retailer’s stock after acquiring an additional 2,499 shares during the quarter. Atria Investments LLC’s holdings in Alibaba Group were worth $2,085,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Duncker Streett & Co. Inc. grew its stake in shares of Alibaba Group by 195.1% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 400 shares in the last quarter. Stelac Advisory Services LLC bought a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $116,000. Clarus Wealth Advisors bought a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $125,000. American National Bank grew its stake in shares of Alibaba Group by 55.8% in the 2nd quarter. American National Bank now owns 796 shares of the specialty retailer’s stock valued at $148,000 after buying an additional 285 shares in the last quarter. Finally, Trilogy Capital Inc. bought a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $159,000. 38.64% of the stock is currently owned by institutional investors.
Several brokerages recently commented on BABA. UBS Group set a $220.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $200.00 price target on shares of Alibaba Group in a research note on Friday. MED lowered their price target on Alibaba Group to $196.00 and set a “buy” rating for the company in a research note on Thursday, August 23rd. Raymond James lowered their price target on Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating for the company in a research note on Thursday, August 16th. Finally, Argus began coverage on Alibaba Group in a research note on Monday, June 25th. They issued a “buy” rating and a $275.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-seven have assigned a buy rating and three have given a strong buy rating to the company’s stock. Alibaba Group currently has an average rating of “Buy” and an average target price of $225.34.
BABA opened at $147.29 on Friday. Alibaba Group Holding Ltd has a twelve month low of $135.14 and a twelve month high of $211.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $421.98 billion, a P/E ratio of 36.32, a P/E/G ratio of 1.20 and a beta of 2.41.
Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.08). Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. The company had revenue of $12.23 billion during the quarter, compared to analyst estimates of $12.25 billion. Equities analysts expect that Alibaba Group Holding Ltd will post 3.96 earnings per share for the current year.
Alibaba Group Company 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.
Featured Article: How to interpret a stock’s beta number
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.