Advisors Asset Management Inc. Boosts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Advisors Asset Management Inc. boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 16.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,338 shares of the specialty retailer’s stock after acquiring an additional 614 shares during the quarter. Advisors Asset Management Inc.’s holdings in Alibaba Group were worth $460,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Gemsstock Ltd. purchased a new position in Alibaba Group during the 3rd quarter valued at $16,746,000. West Family Investments Inc. boosted its holdings in Alibaba Group by 22.5% during the 3rd quarter. West Family Investments Inc. now owns 5,451 shares of the specialty retailer’s stock valued at $578,000 after acquiring an additional 1,000 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Alibaba Group by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 42,886 shares of the specialty retailer’s stock valued at $4,551,000 after acquiring an additional 845 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Alibaba Group during the 3rd quarter valued at $1,107,000. Finally, Knuff & Co LLC lifted its holdings in shares of Alibaba Group by 4.3% in the 3rd quarter. Knuff & Co LLC now owns 47,494 shares of the specialty retailer’s stock worth $5,040,000 after buying an additional 1,940 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.7 %

Shares of NYSE:BABA opened at $86.60 on Thursday. The business’s 50-day moving average is $98.51 and its 200 day moving average is $86.01. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The firm has a market capitalization of $207.21 billion, a P/E ratio of 17.57, a P/E/G ratio of 0.42 and a beta of 0.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.82 earnings per share. On average, research analysts predict that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BABA shares. Sanford C. Bernstein upped their target price on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Friday, August 16th. Barclays lowered their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Benchmark reiterated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Finally, Bank of America upped their target price on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $114.07.

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.