Alibaba Group Holding Limited (NYSE:BABA) Position Increased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 17.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,020 shares of the specialty retailer’s stock after purchasing an additional 4,952 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Alibaba Group were worth $2,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Princeton Global Asset Management LLC bought a new stake in shares of Alibaba Group during the 3rd quarter worth about $26,000. Brown Shipley& Co Ltd boosted its holdings in Alibaba Group by 3.2% during the second quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 202 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Alibaba Group in the third quarter valued at about $27,000. GPS Wealth Strategies Group LLC increased its stake in shares of Alibaba Group by 116.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 175 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $30,000. 14.22% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

BABA opened at $74.87 on Tuesday. The company has a fifty day simple moving average of $73.22 and a 200 day simple moving average of $79.14. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. The stock has a market cap of $189.97 billion, a P/E ratio of 13.81 and a beta of 0.47. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $105.05.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 EPS. On average, research analysts expect that Alibaba Group Holding Limited will post 7.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BABA shares. Susquehanna decreased their target price on Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 8th. Macquarie cut Alibaba Group from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Benchmark lowered their price target on shares of Alibaba Group from $150.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $90.00 target price (down from $110.00) on shares of Alibaba Group in a research report on Friday, December 1st. Three 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.44.

Read Our Latest Analysis on BABA

Alibaba Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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