Stablepoint Partners LLC increases its position in Alibaba Group Holding Limited (NYSE:BABA)

Stablepoint Partners LLC boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 11.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,396 shares of the specialty retailer’s stock after acquiring an additional 1,411 shares during the period. Stablepoint Partners LLC’s holdings in Alibaba Group were worth $1,053,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BABA. Foundations Investment Advisors LLC boosted its position in shares of Alibaba Group by 31.8% in the second quarter. Foundations Investment Advisors LLC now owns 115,184 shares of the specialty retailer’s stock worth $8,293,000 after buying an additional 27,805 shares during the last quarter. Fortis Capital Advisors LLC acquired a new stake in Alibaba Group in the second quarter valued at approximately $558,000. Pzena Investment Management LLC raised its position in Alibaba Group by 0.4% in the second quarter. Pzena Investment Management LLC now owns 65,625 shares of the specialty retailer’s stock worth $4,725,000 after buying an additional 232 shares during the period. Naviter Wealth LLC boosted its holdings in Alibaba Group by 12.7% in the second quarter. Naviter Wealth LLC now owns 46,300 shares of the specialty retailer’s stock valued at $3,403,000 after purchasing an additional 5,232 shares during the last quarter. Finally, Magnus Financial Group LLC boosted its holdings in Alibaba Group by 3.4% in the second quarter. Magnus Financial Group LLC now owns 9,087 shares of the specialty retailer’s stock valued at $654,000 after purchasing an additional 302 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s shares.

Alibaba Group trades down 0.1%

Shares of BABA stock opened at $82.41 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $95.80. The stock has a fifty day moving average of $78.70 and a two hundred day moving average of $76.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41, and a current ratio of 1.41. The company has a market cap of $209.10 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 0.42 and a beta of 0.32.

Alibaba Group (NYSE:BABA – Get Your Free Report ) last issued its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. In the same period last year, the firm posted earnings per share of $2.47. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts forecast that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Changes in Analyst Ratings

BABA has been the subject of several research analyst reports. Robert W. Baird upped their target price on Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Susquehanna cut their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group restated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. Truist Financial decreased their price objective on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group 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. Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.61, based on data from MarketBeat.

Get the latest stock report on Alibaba Group

Alibaba Group Company Profile

(Free report)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing coverage to help merchants, brands, retailers and other companies 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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