Alibaba Group Holding Limited (NYSE:BABA) Stock Position Increased by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 27.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,918 shares of the specialty retailer’s stock after purchasing an additional 13,873 shares during the period. Alibaba Group accounts for approximately 2.1% of O Keefe Stevens Advisory Inc.’s holdings, making the stock its 19th biggest position. O Keefe Stevens Advisory Inc.’s holdings in Alibaba Group were worth $6,783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Alliance LLC lifted 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 worth $4,052,000 after purchasing an additional 33,490 shares during the period. 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 worth $12,275,000 after acquiring an additional 139,134 shares during the period. SRN Advisors LLC boosted its holdings in shares of Alibaba Group by 76.7% in the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after acquiring an additional 9,663 shares in the last quarter. ORG Partners LLC increased its stake in shares of Alibaba Group by 52,685.7% during the first quarter. ORG Partners LLC now owns 11,085 shares of the specialty retailer’s stock valued at $813,000 after acquiring an additional 11,064 shares during the period. 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. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 6.6 %

NYSE BABA opened at $109.73 on Wednesday. The firm’s 50 day moving average price is $87.38 and its two-hundred day moving average price is $80.18. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The stock has a market cap of $278.44 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 0.46 and a beta of 0.35.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BABA shares. JPMorgan Chase & Co. lifted their price target on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Truist Financial cut their price target on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 16th. 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 research note on Monday. Finally, Loop Capital reissued a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.