RPg Family Wealth Advisory LLC Grows Holdings in Alibaba Group Holding Limited (NYSE:BABA)

RPg Family Wealth Advisory LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,684 shares of the specialty retailer’s stock after buying an additional 2,890 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in Alibaba Group were worth $2,407,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in Alibaba Group by 17.6% in the first quarter. Advisors Asset Management Inc. now owns 3,387 shares of the specialty retailer’s stock worth $245,000 after buying an additional 506 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Alibaba Group by 46.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,946 shares of the specialty retailer’s stock valued at $1,660,000 after purchasing an additional 7,307 shares in the last quarter. iA Global Asset Management Inc. grew its holdings in shares of Alibaba Group by 27.5% during the 1st quarter. iA Global Asset Management Inc. now owns 62,125 shares of the specialty retailer’s stock valued at $4,495,000 after purchasing an additional 13,394 shares during the last quarter. Virtu Financial LLC raised its position in Alibaba Group by 19.7% in the 1st quarter. Virtu Financial LLC now owns 59,195 shares of the specialty retailer’s stock worth $4,283,000 after purchasing an additional 9,730 shares during the period. Finally, LRI Investments LLC bought a new stake in Alibaba Group in the first quarter worth $175,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Trading Up 2.4 %

Shares of BABA opened at $87.22 on Wednesday. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The firm has a market capitalization of $208.69 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.42 and a beta of 0.35. The firm’s 50-day moving average price is $98.47 and its 200-day moving average price is $86.00. 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 (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. 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 business earned $1.82 EPS. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barclays reduced their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Loop Capital reaffirmed a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America raised their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group Company 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.