Capital Investment Advisory Services LLC Boosts Stake in Alibaba Group Holding Limited (NYSE:BABA)

Capital Investment Advisory Services LLC lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,883 shares of the specialty retailer’s stock after acquiring an additional 124 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Alibaba Group were worth $329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EP Wealth Advisors LLC raised its stake in shares of Alibaba Group by 28.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 5,633 shares of the specialty retailer’s stock valued at $406,000 after acquiring an additional 1,247 shares during the period. Truist Financial Corp increased its holdings in Alibaba Group by 2.4% in the 2nd quarter. Truist Financial Corp now owns 281,504 shares of the specialty retailer’s stock valued at $20,268,000 after purchasing an additional 6,671 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group in the second quarter valued at approximately $27,000. Sanctuary Advisors LLC acquired a new position in Alibaba Group during the second quarter worth $3,451,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alibaba Group in the second quarter valued at $38,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on BABA. Mizuho raised their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Monday, October 7th. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Bank of America boosted their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Stock Down 4.0 %

BABA stock opened at $98.65 on Friday. The stock has a market cap of $234.66 billion, a P/E ratio of 20.01, a PEG ratio of 0.41 and a beta of 0.30. 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 $68.36 and a twelve month high of $117.82. The company’s 50 day moving average is $86.27 and its two-hundred day moving average is $88.62.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The firm 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%. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 earnings per share. Research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share 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.