Farley Capital L.P. Has $5.02 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Farley Capital L.P. cut its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,776 shares of the specialty retailer’s stock after selling 140 shares during the period. Alibaba Group comprises 4.5% of Farley Capital L.P.’s holdings, making the stock its 6th largest holding. Farley Capital L.P.’s holdings in Alibaba Group were worth $5,024,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Bogart Wealth LLC boosted its stake in Alibaba Group by 16.7% during the first quarter. Bogart Wealth LLC now owns 990 shares of the specialty retailer’s stock worth $72,000 after buying an additional 142 shares during the period. Legacy Advisors LLC grew its holdings in Alibaba Group by 1.4% during the 4th quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock valued at $826,000 after purchasing an additional 145 shares during the last quarter. North Star Investment Management Corp. raised its position in Alibaba Group by 11.2% in the 1st quarter. North Star Investment Management Corp. now owns 1,533 shares of the specialty retailer’s stock worth $111,000 after purchasing an additional 154 shares during the period. Evolution Wealth Advisors LLC lifted its stake in Alibaba Group by 4.1% in the second quarter. Evolution Wealth Advisors LLC now owns 4,004 shares of the specialty retailer’s stock worth $288,000 after purchasing an additional 158 shares during the last quarter. Finally, WNY Asset Management LLC boosted its position in shares of Alibaba Group by 2.8% during the first quarter. WNY Asset Management LLC now owns 6,022 shares of the specialty retailer’s stock valued at $436,000 after buying an additional 164 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on BABA shares. Robert W. Baird upped their price objective on Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, August 16th. Bank of America upped their target price on Alibaba Group from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Barclays dropped their price target on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $107.61.

Alibaba Group Stock Performance

Shares of NYSE BABA traded down $1.25 during mid-day trading on Friday, hitting $81.18. The stock had a trading volume of 11,712,670 shares, compared to its average volume of 16,535,105. The firm has a market cap of $205.99 billion, a PE ratio of 18.93, a PEG ratio of 0.42 and a beta of 0.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The company has a 50 day moving average of $78.89 and a two-hundred day moving average of $76.90. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $91.76.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same period in the prior year, the company earned $2.47 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. Research analysts predict that Alibaba Group Holding Limited will post 7.93 EPS for the current fiscal year.

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.