Alibaba Group Holding Limited (NYSE:BABA) Position Boosted by Gladstone Capital Management LLP

Gladstone Capital Management LLP raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 774.1% during the 2nd quarter, Holdings Channel reports. The fund owned 103,141 shares of the specialty retailer’s stock after purchasing an additional 91,341 shares during the period. Alibaba Group makes up approximately 0.7% of Gladstone Capital Management LLP’s portfolio, making the stock its 15th largest holding. Gladstone Capital Management LLP’s holdings in Alibaba Group were worth $7,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. First Command Advisory Services Inc. acquired a new position in shares of Alibaba Group during the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC raised its stake in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Alibaba Group in the first quarter valued at $31,000. Asset Dedication LLC boosted its stake in Alibaba Group by 315.0% during the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 400 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in Alibaba Group during the fourth quarter worth about $42,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 0.2 %

Alibaba Group stock opened at $88.29 on Monday. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $90.46. The company’s fifty day moving average price is $80.79 and its two-hundred day moving average price is $77.66. The company has a market capitalization of $224.04 billion, a price-to-earnings ratio of 20.58, a PEG 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.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data 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%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $2.47 EPS. On average, analysts forecast that Alibaba Group Holding Limited will post 7.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BABA shares. 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. 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. Morgan Stanley restated an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. Bank of America increased their price objective on Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. boosted their target price on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.61.

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.