Profund Advisors LLC Has $6.40 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Profund Advisors LLC decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 88,847 shares of the specialty retailer’s stock after selling 7,334 shares during the quarter. Profund Advisors LLC’s holdings in Alibaba Group were worth $6,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Primecap Management Co. CA lifted its position in Alibaba Group by 5.2% during the second quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer’s stock worth $1,574,711,000 after purchasing an additional 1,074,175 shares during the period. Sanders Capital LLC lifted its position in Alibaba Group by 5.4% during the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock worth $1,228,398,000 after purchasing an additional 819,019 shares during the period. FIL Ltd lifted its holdings in shares of Alibaba Group by 10.2% in the fourth quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock worth $823,986,000 after acquiring an additional 983,842 shares during the last quarter. H&H International Investment LLC lifted its holdings in shares of Alibaba Group by 63.1% in the fourth quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock worth $384,390,000 after acquiring an additional 1,918,730 shares during the last quarter. Finally, ARGA Investment Management LP lifted its holdings in shares of Alibaba Group by 39.2% in the first quarter. ARGA Investment Management LP now owns 3,582,005 shares of the specialty retailer’s stock worth $259,194,000 after acquiring an additional 1,009,397 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the subject of a number of research reports. Truist Financial dropped their target price 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. Benchmark reissued a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, August 16th. Loop Capital reissued a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Robert W. Baird increased their target price on shares of Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Susquehanna dropped their target price on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $107.61.

Alibaba Group Stock Performance

NYSE:BABA opened at $88.29 on Friday. The company has a market capitalization of $224.04 billion, a PE ratio of 20.58, a P/E/G ratio of 0.43 and a beta of 0.33. The company has a 50 day simple moving average of $80.79 and a two-hundred day simple moving average of $77.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. 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 for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. The business had revenue of $243.24 billion during 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 for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.47 EPS. Research analysts anticipate that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

About Alibaba Group

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.