Alibaba Group Holding Limited (NYSE:BABA) is Neumann Advisory Hong Kong Ltd’s 8th Largest Position

Neumann Advisory Hong Kong Ltd decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 32.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,279 shares of the specialty retailer’s stock after selling 9,472 shares during the quarter. Alibaba Group accounts for about 0.8% of Neumann Advisory Hong Kong Ltd’s holdings, making the stock its 8th biggest holding. Neumann Advisory Hong Kong Ltd’s holdings in Alibaba Group were worth $2,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BABA. Fiduciary Alliance LLC raised its holdings in Alibaba Group by 154.1% in 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 in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Alibaba Group by 462.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after purchasing an additional 139,134 shares in the last quarter. SRN Advisors LLC raised its holdings in Alibaba Group by 76.7% during the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock worth $1,611,000 after purchasing an additional 9,663 shares in the last quarter. ORG Partners LLC raised its holdings 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 in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Alibaba Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after purchasing an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 2.6 %

NYSE BABA opened at $117.52 on Tuesday. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. The company has a 50-day moving average of $86.60 and a 200-day moving average of $79.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $298.21 billion, a P/E ratio of 27.39, a P/E/G ratio of 0.46 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating 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 company had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same quarter in the prior year, the company posted $2.47 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

Analyst Ratings Changes

BABA has been the topic of a number of research analyst reports. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Monday. Morgan Stanley restated an “equal weight” rating and set a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Truist Financial decreased their target price on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average price target of $111.12.

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.