Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by HighVista Strategies LLC

HighVista Strategies LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,057 shares of the specialty retailer’s stock after buying an additional 600 shares during the period. HighVista Strategies LLC’s holdings in Alibaba Group were worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC raised its position in shares of Alibaba Group by 14.6% in the 2nd quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 128 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of 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 shares of Alibaba Group by 1.4% during the fourth quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock valued at $826,000 after buying an additional 145 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of 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 valued at $111,000 after acquiring an additional 154 shares during the period. Finally, EPIQ Capital Group LLC raised its stake in Alibaba Group by 0.3% in the 2nd quarter. EPIQ Capital Group LLC now owns 46,091 shares of the specialty retailer’s stock worth $3,396,000 after acquiring an additional 157 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Trading Down 0.2 %

BABA opened at $88.29 on Monday. The business’s 50 day moving average price is $80.79 and its 200 day moving average price is $77.66. 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 stock has a market capitalization of $224.04 billion, a PE ratio of 20.58, a P/E/G ratio of 0.43 and a beta of 0.33. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $90.46.

Alibaba Group (NYSE:BABA) last released its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $248.32 billion. During the same period in the prior year, the business posted $2.47 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BABA shares. Jefferies Financial Group reissued a “buy” rating and issued a $116.00 price objective on shares of Alibaba Group in a report on Friday, July 26th. Bank of America lifted their price objective on shares of Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Loop Capital reiterated a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Truist Financial decreased their price target on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 16th. Finally, Benchmark reiterated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $107.61.

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.