Gladstone Institutional Advisory LLC Has $988,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Gladstone Institutional Advisory LLC increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,308 shares of the specialty retailer’s stock after buying an additional 526 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Alibaba Group were worth $988,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BABA. First Command Advisory Services Inc. acquired a new position in shares of Alibaba Group during the second quarter worth $25,000. GPS Wealth Strategies Group LLC lifted its holdings in Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Alibaba Group in the 2nd quarter valued at about $27,000. Concord Wealth Partners grew its position in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group in the third quarter valued at about $36,000. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $90.00 target price on shares of Alibaba Group in a report on Friday, August 23rd. Sanford C. Bernstein increased their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Bank of America boosted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays upped their price target on shares of Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Loop Capital reissued a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.13.

Alibaba Group Stock Performance

NYSE BABA opened at $97.58 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $95.62 and a 200 day simple moving average of $84.09. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The company has a market cap of $233.70 billion, a P/E ratio of 25.54, a PEG ratio of 0.46 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. The company had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.47 EPS. Sell-side analysts predict that Alibaba Group Holding Limited will post 8.08 earnings per share for the current fiscal 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.