Kathmere Capital Management LLC Purchases 820 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Kathmere Capital Management LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 25.7% in the 2nd quarter, Holdings Channel reports. The firm owned 4,014 shares of the specialty retailer’s stock after buying an additional 820 shares during the quarter. Kathmere Capital Management LLC’s holdings in Alibaba Group were worth $289,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Command Advisory Services Inc. bought a new stake in Alibaba Group in the second quarter worth about $25,000. GPS Wealth Strategies Group LLC lifted its stake in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the last quarter. Register Financial Advisors LLC bought a new stake in Alibaba Group in the first quarter worth about $31,000. Asset Dedication LLC lifted its stake in Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 400 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Alibaba Group in the second quarter worth about $38,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA stock opened at $107.33 on Friday. The business’s fifty day simple moving average is $82.98 and its 200-day simple moving average is $78.50. The company has a market cap of $272.35 billion, a PE ratio of 25.02, a PEG ratio of 0.46 and a beta of 0.33. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $109.43.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping 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 business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.47 earnings per share. Analysts expect that Alibaba Group Holding Limited will post 7.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BABA shares. Bank of America lifted their price target on shares of Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Benchmark reaffirmed a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, August 16th. Loop Capital reaffirmed a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. Robert W. Baird lifted their price target on shares of Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Sanford C. Bernstein lifted their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus target price of $107.61.

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.