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Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Exchange Traded Concepts LLC

Alibaba Group logo with Retail/Wholesale background

Exchange Traded Concepts LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 131.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,807 shares of the specialty retailer's stock after purchasing an additional 42,446 shares during the quarter. Exchange Traded Concepts LLC's holdings in Alibaba Group were worth $6,343,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BABA. Strategic Investment Solutions Inc. IL purchased a new position in shares of Alibaba Group during the 2nd quarter valued at about $27,000. Concord Wealth Partners raised its position in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Alibaba Group in the fourth quarter valued at approximately $31,000. Highline Wealth Partners LLC purchased a new stake in Alibaba Group in the 3rd quarter worth approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alibaba Group during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

NYSE BABA traded up $3.03 during trading hours on Friday, hitting $89.13. 18,758,714 shares of the company's stock traded hands, compared to its average volume of 9,935,154. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm's 50-day moving average is $85.54 and its 200-day moving average is $88.09. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The company has a market capitalization of $212.29 billion, a PE ratio of 18.08, a PEG ratio of 0.37 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 earnings per share. Equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on BABA shares. Barclays lowered their price target on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. Mizuho increased their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. StockNews.com lowered Alibaba Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 14th. Benchmark reiterated a "buy" rating and set a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Macquarie upgraded Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, Alibaba Group has a consensus rating of "Moderate Buy" and a consensus price target of $115.13.

Read Our Latest Analysis on Alibaba Group

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

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

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