Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 177.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,793 shares of the specialty retailer’s stock after acquiring an additional 1,786 shares during the quarter. Larson Financial Group LLC’s holdings in Alibaba Group were worth $296,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Primecap Management Co. CA grew its position in Alibaba Group by 5.2% during the second quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer’s stock valued at $1,574,711,000 after buying an additional 1,074,175 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of 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 worth $650,043,000 after acquiring an additional 5,715,155 shares in the last quarter. AMF Tjanstepension AB grew its position in shares of Alibaba Group by 6.9% during the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after acquiring an additional 178,999 shares during the period. Eminence Capital LP increased its stake in shares of Alibaba Group by 9.0% in the 2nd quarter. Eminence Capital LP now owns 1,830,387 shares of the specialty retailer’s stock valued at $131,788,000 after purchasing an additional 150,488 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings 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 during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Loop Capital reissued a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. JPMorgan Chase & Co. increased their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Monday, October 7th. Finally, Robert W. Baird raised their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Trading Down 0.5 %

Shares of BABA stock opened at $85.18 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The company’s 50-day moving average price is $98.47 and its 200-day moving average price is $86.00. The stock has a market cap of $203.95 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.41 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 EPS. As a group, equities analysts predict that Alibaba Group Holding Limited will post 8.51 earnings per share 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.