Dimensional Fund Advisors LP Has $134.04 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Dimensional Fund Advisors LP lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 3.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,861,139 shares of the specialty retailer’s stock after selling 60,723 shares during the period. Dimensional Fund Advisors LP owned 0.07% of Alibaba Group worth $134,035,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Fiduciary Alliance LLC boosted its position in Alibaba Group by 154.1% during the first quarter. Fiduciary Alliance LLC now owns 55,229 shares of the specialty retailer’s stock valued at $4,052,000 after acquiring an additional 33,490 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Alibaba Group by 462.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock valued at $12,275,000 after purchasing an additional 139,134 shares during the period. SRN Advisors LLC boosted its position in shares of Alibaba Group by 76.7% during the 1st quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after purchasing an additional 9,663 shares in the last quarter. ORG Partners LLC grew its stake in Alibaba Group by 52,685.7% during the first quarter. ORG Partners LLC now owns 11,085 shares of the specialty retailer’s stock worth $813,000 after purchasing an additional 11,064 shares during the period. Finally, Leo Wealth LLC bought a new stake in Alibaba Group in the fourth quarter worth approximately $1,734,000. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BABA. Sanford C. Bernstein increased their price target on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Friday, August 16th. Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, August 16th. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a report on Friday, August 23rd. Loop Capital restated a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. upped their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.61.

Alibaba Group Stock Performance

NYSE BABA opened at $88.29 on Friday. The company has a fifty day moving average price of $80.79 and a 200-day moving average price of $77.63. The firm has a market cap of $224.04 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 0.43 and a beta of 0.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $90.46.

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

About Alibaba Group

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.