Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Assetmark Inc.

Assetmark Inc. boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 225.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 397 shares of the specialty retailer’s stock after buying an additional 275 shares during the quarter. Assetmark Inc.’s holdings in Alibaba Group were worth $42,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. ICA Group Wealth Management LLC boosted its stake in shares of Alibaba Group by 14.6% during the second quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 128 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Alibaba Group by 4.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock valued at $361,000 after purchasing an additional 139 shares during the period. First Trust Direct Indexing L.P. lifted its position in Alibaba Group by 3.0% during the third quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock worth $515,000 after buying an additional 143 shares during the period. Concord Wealth Partners increased its stake in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Finally, EPIQ Capital Group LLC grew its holdings in Alibaba Group by 0.3% in the second quarter. EPIQ Capital Group LLC now owns 46,091 shares of the specialty retailer’s stock valued at $3,396,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $89.37 on Tuesday. 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 Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The business has a 50 day moving average price of $98.34 and a two-hundred day moving average price of $85.77. The firm has a market cap of $213.99 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 0.39 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 earnings per share. Sell-side analysts expect that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Loop Capital reissued a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Jefferies Financial Group reissued a “buy” rating and set a $116.00 price target on shares of Alibaba Group in a research report on Friday, July 26th. Benchmark restated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Monday, October 7th. Finally, StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.53.

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.