Bleakley Financial Group LLC Has $1.17 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Bleakley Financial Group LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,056 shares of the specialty retailer’s stock after acquiring an additional 673 shares during the quarter. Bleakley Financial Group LLC’s holdings in Alibaba Group were worth $1,173,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Fiduciary Alliance LLC grew its holdings in shares of Alibaba Group by 154.1% during the first quarter. Fiduciary Alliance LLC now owns 55,229 shares of the specialty retailer’s stock worth $4,052,000 after buying an additional 33,490 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Alibaba Group by 462.5% in the first 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 in the last quarter. SRN Advisors LLC lifted its position 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 buying an additional 9,663 shares during the last quarter. ORG Partners LLC lifted its position in shares of Alibaba Group by 52,685.7% in the first quarter. ORG Partners LLC now owns 11,085 shares of the specialty retailer’s stock valued at $813,000 after buying an additional 11,064 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Alibaba Group by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after buying an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of a number of recent analyst reports. Loop Capital reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Bank of America lifted their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Barclays lifted their price objective on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $116.00 price target on shares of Alibaba Group in a research note on Friday, July 26th. Finally, Susquehanna decreased their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.63.

Alibaba Group Stock Performance

BABA stock opened at $102.43 on Monday. The business has a 50 day moving average of $92.30 and a 200-day moving average of $82.31. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The firm has a market cap of $259.92 billion, a PE ratio of 23.88, a P/E/G ratio of 0.55 and a beta of 0.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17.

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