Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 41.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,534 shares of the specialty retailer's stock after purchasing an additional 8,685 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Alibaba Group were worth $3,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Generate Investment Management Ltd purchased a new position in Alibaba Group in the third quarter worth approximately $12,656,000. Nations Financial Group Inc. IA ADV increased its position in shares of Alibaba Group by 63.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer's stock worth $3,047,000 after purchasing an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer's stock valued at $87,327,000 after buying an additional 50,000 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer's stock valued at $28,632,000 after buying an additional 266,361 shares during the last quarter. Finally, Aspex Management HK Ltd purchased a new position in Alibaba Group during the third quarter worth about $115,995,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded down $1.41 during trading on Friday, reaching $87.82. The company's stock had a trading volume of 11,608,633 shares, compared to its average volume of 17,470,092. The business has a 50 day moving average price of $94.82 and a 200-day moving average price of $86.34. The company has a market capitalization of $209.87 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.82 EPS. As a group, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on BABA. StockNews.com lowered Alibaba Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Benchmark restated a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Morgan Stanley reiterated an "equal weight" rating and set a $90.00 target price on shares of Alibaba Group in a report on Friday, August 23rd. Mizuho boosted their price target 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. Finally, Susquehanna decreased their target price on Alibaba Group from $135.00 to $130.00 and set a "positive" rating for the company in a report on Monday, August 19th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.07.

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.