Mercer Global Advisors Inc. ADV Has $2.44 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Mercer Global Advisors Inc. ADV trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,032 shares of the specialty retailer’s stock after selling 474 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Alibaba Group were worth $2,442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC increased its holdings in shares of Alibaba Group by 13.1% during the second quarter. RPg Family Wealth Advisory LLC now owns 19,794 shares of the specialty retailer’s stock valued at $1,457,000 after acquiring an additional 2,294 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of Alibaba Group in the 2nd quarter worth about $328,000. EPIQ Capital Group LLC lifted its position 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 valued at $3,396,000 after acquiring an additional 157 shares in the last quarter. Peregrine Asset Advisers Inc. increased its holdings in Alibaba Group by 3.3% during the 2nd quarter. Peregrine Asset Advisers Inc. now owns 9,447 shares of the specialty retailer’s stock worth $680,000 after purchasing an additional 300 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of 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 purchasing an additional 1,074,175 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BABA. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a report on Friday, August 23rd. Robert W. Baird upped their target price on Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Friday, August 16th. Loop Capital restated a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Finally, Bank of America lifted their target price on Alibaba Group from $103.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.61.

Alibaba Group Stock Performance

NYSE:BABA opened at $90.08 on Tuesday. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $91.15. The business’s fifty day moving average is $81.03 and its 200 day moving average is $77.78. 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 firm has a market cap of $228.58 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 0.43 and a beta of 0.33.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. During the same quarter in the previous year, the company earned $2.47 earnings per share. Alibaba Group’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts predict that Alibaba Group Holding Limited will post 7.93 EPS for the current 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.