Sanctuary Advisors LLC Acquires 13,351 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Sanctuary Advisors LLC grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 29.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 59,025 shares of the specialty retailer’s stock after buying an additional 13,351 shares during the quarter. Sanctuary Advisors LLC’s holdings in Alibaba Group were worth $6,264,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Primecap Management Co. CA increased its position in Alibaba Group by 5.2% in the second quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer’s stock worth $1,574,711,000 after buying an additional 1,074,175 shares in the last quarter. Sanders Capital LLC grew its position in Alibaba Group by 0.3% in the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after acquiring an additional 60,667 shares in the last quarter. Hhlr Advisors LTD. increased its position in shares of Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after purchasing an additional 3,448,152 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in 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 valued at $650,043,000 after buying an additional 5,715,155 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Alibaba Group by 3,180.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after acquiring an additional 3,740,150 shares during the period. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Performance

BABA opened at $87.82 on Friday. The firm’s 50-day moving average price is $94.82 and its 200-day moving average price is $86.34. The company has a market cap of $209.87 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $1.82 earnings per share. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a report on Friday, August 23rd. Loop Capital reaffirmed a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a research report on Thursday, August 29th. Finally, Susquehanna lowered their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research note on Monday, August 19th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.07.

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.