DCF Advisers LLC Grows Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

DCF Advisers LLC raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 17.0% during the second quarter, HoldingsChannel reports. The firm owned 44,800 shares of the specialty retailer’s stock after buying an additional 6,500 shares during the quarter. Alibaba Group accounts for 1.7% of DCF Advisers LLC’s holdings, making the stock its 18th biggest position. DCF Advisers LLC’s holdings in Alibaba Group were worth $3,226,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its position in Alibaba Group by 226.7% during the second quarter. Canada Pension Plan Investment Board now owns 160,400 shares of the specialty retailer’s stock worth $11,549,000 after buying an additional 111,300 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Alibaba Group by 9.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,382 shares of the specialty retailer’s stock valued at $244,000 after buying an additional 290 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in Alibaba Group by 25.6% during the second quarter. Burgundy Asset Management Ltd. now owns 21,621 shares of the specialty retailer’s stock worth $1,557,000 after purchasing an additional 4,408 shares during the last quarter. XTX Topco Ltd raised its stake in shares of Alibaba Group by 83.5% during the 2nd quarter. XTX Topco Ltd now owns 12,885 shares of the specialty retailer’s stock worth $928,000 after buying an additional 5,865 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in Alibaba Group during the second quarter worth about $1,045,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Alibaba Group stock opened at $88.47 on Friday. 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 Holding Limited has a 12 month low of $66.63 and a 12 month high of $90.46. The company has a fifty day moving average price of $80.61 and a two-hundred day moving average price of $77.48. The company has a market cap of $224.49 billion, a PE ratio of 20.62, a P/E/G ratio of 0.43 and a beta of 0.33.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data 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. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the previous year, the firm posted $2.47 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts expect that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, August 16th. Susquehanna decreased their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a report on Monday, August 19th. Jefferies Financial Group reiterated a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Loop Capital reaffirmed a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Finally, Sanford C. Bernstein increased their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.61.

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.