Sei Investments Co. Boosts Stake in Alibaba Group Holding Limited (NYSE:BABA)

Sei Investments Co. boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 22.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 700,727 shares of the specialty retailer’s stock after buying an additional 129,874 shares during the quarter. Sei Investments Co.’s holdings in Alibaba Group were worth $50,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. First Command Advisory Services Inc. purchased a new position in shares of Alibaba Group during the 2nd quarter worth approximately $25,000. GPS Wealth Strategies Group LLC grew its stake in shares of Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 209 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in Alibaba Group during the 1st quarter worth $31,000. Asset Dedication LLC lifted its stake in shares of Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 400 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of Alibaba Group during the 2nd quarter valued at approximately $40,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America lifted their price target on Alibaba Group from $103.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. 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. Robert W. Baird upped their price target on shares of Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Susquehanna cut their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Finally, Loop Capital restated a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $107.61.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $88.29 on Monday. The firm has a market cap of $224.04 billion, a P/E ratio of 20.58, a P/E/G ratio of 0.43 and a beta of 0.33. 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 firm has a 50 day simple moving average of $80.79 and a 200 day simple moving average of $77.66. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $90.46.

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

Alibaba Group Company 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.