Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Lifted by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 1,972.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,457 shares of the specialty retailer's stock after buying an additional 89,900 shares during the quarter. Alibaba Group comprises approximately 9.9% of Central Asset Investments & Management Holdings HK Ltd's portfolio, making the stock its 2nd biggest holding. Central Asset Investments & Management Holdings HK Ltd's holdings in Alibaba Group were worth $10,024,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BluePointe Capital Management LLC purchased a new position in shares of Alibaba Group in the 3rd quarter worth about $210,000. Dearborn Partners LLC purchased a new position in shares of Alibaba Group in the 3rd quarter worth about $226,000. Intellectus Partners LLC raised its holdings in shares of Alibaba Group by 7.8% during the 3rd quarter. Intellectus Partners LLC now owns 27,704 shares of the specialty retailer's stock valued at $2,940,000 after buying an additional 1,997 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Alibaba Group by 49.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 11,689 shares of the specialty retailer's stock valued at $1,240,000 after buying an additional 3,885 shares during the period. Finally, Endowment Wealth Management Inc. purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at about $309,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of NYSE BABA traded down $1.99 during mid-day trading on Friday, reaching $88.59. The company had a trading volume of 31,018,266 shares, compared to its average volume of 17,693,400. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The stock has a market cap of $212.12 billion, a PE ratio of 23.19, a P/E/G ratio of 0.41 and a beta of 0.35. The company has a 50-day moving average price of $98.18 and a two-hundred day moving average price of $85.56. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its 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. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business had revenue of $243.24 billion for the quarter, compared to analysts' expectations of $248.32 billion. During the same period in the previous year, the firm posted $2.47 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

BABA has been the topic of several analyst reports. Benchmark reiterated a "buy" rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday. Mizuho raised their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday. Loop Capital restated a "buy" rating and set a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Robert W. Baird lifted their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.53.

Alibaba Group Company Profile

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.