Sanctuary Advisors LLC Acquires 13,351 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Sanctuary Advisors LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,025 shares of the specialty retailer's stock after acquiring an additional 13,351 shares during the quarter. Sanctuary Advisors LLC's holdings in Alibaba Group were worth $6,264,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BABA. Assenagon Asset Management S.A. grew its holdings in Alibaba Group by 1,392.6% during the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock valued at $650,043,000 after purchasing an additional 5,715,155 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock valued at $409,385,000 after buying an additional 3,740,150 shares during the last quarter. Hhlr Advisors LTD. raised its holdings in Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock worth $936,785,000 after acquiring an additional 3,448,152 shares during the period. FMR LLC lifted its position in Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock worth $383,260,000 after acquiring an additional 2,959,954 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Alibaba Group by 9,205.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer's stock worth $1,801,240,000 after acquiring an additional 1,679,117 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Price Performance

BABA stock traded down $1.41 during midday trading on Friday, reaching $87.82. The company had a trading volume of 11,608,633 shares, compared to its average volume of 17,470,092. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The stock has a 50 day moving average price of $94.82 and a 200-day moving average price of $86.34. 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 company has a market capitalization of $209.87 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on BABA. Macquarie upgraded Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. Loop Capital reiterated a "buy" rating and set a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Barclays lowered their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 19th. Bank of America upped their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley restated an "equal weight" rating and set a $90.00 price objective on shares of Alibaba Group in a report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.07.

Alibaba Group 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.