JW Asset Management LLC Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

JW Asset Management LLC acquired a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,000 shares of the specialty retailer's stock, valued at approximately $1,592,000. Alibaba Group makes up 0.7% of JW Asset Management LLC's holdings, making the stock its 10th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in Alibaba Group by 16.5% during the third quarter. Advisors Asset Management Inc. now owns 4,338 shares of the specialty retailer's stock worth $460,000 after acquiring an additional 614 shares during the period. Gemsstock Ltd. bought a new position in shares of Alibaba Group during the third quarter valued at approximately $16,746,000. West Family Investments Inc. raised its position in shares of Alibaba Group by 22.5% during the 3rd quarter. West Family Investments Inc. now owns 5,451 shares of the specialty retailer's stock worth $578,000 after purchasing an additional 1,000 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Alibaba Group by 2.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 42,886 shares of the specialty retailer's stock worth $4,551,000 after purchasing an additional 845 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Alibaba Group during the 3rd quarter valued at approximately $1,107,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays reduced their price target on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday. Mizuho raised their price target on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a report on Wednesday. Jefferies Financial Group reissued a "buy" rating and set a $116.00 price target on shares of Alibaba Group in a report on Friday, July 26th. Finally, Loop Capital reissued a "buy" rating and set a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.07.

Alibaba Group Trading Down 0.4 %

BABA traded down $0.34 during trading on Wednesday, reaching $86.77. The company had a trading volume of 15,150,421 shares, compared to its average volume of 17,671,164. The firm's 50-day simple moving average is $98.41 and its 200 day simple moving average is $85.81. The company has a market cap of $207.76 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.39 and a beta of 0.35. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. 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 (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.23% and a net margin of 8.98%. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same period last year, the company posted $1.82 EPS. The business's quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Alibaba Group Holding Limited will post 8.51 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.