Sanders Morris Harris LLC boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 398.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,018 shares of the specialty retailer's stock after acquiring an additional 20,000 shares during the quarter. Sanders Morris Harris LLC's holdings in Alibaba Group were worth $2,128,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners grew its position in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 155 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group during the second quarter valued at about $27,000. Highline Wealth Partners LLC purchased a new stake in Alibaba Group in the third quarter worth about $36,000. Assetmark Inc. raised its stake in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after buying an additional 275 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Alibaba Group during the 2nd quarter valued at about $38,000. Institutional investors own 13.47% of the company's stock.
Alibaba Group Trading Down 0.0 %
BABA stock traded down $0.04 during trading on Thursday, hitting $82.40. The company had a trading volume of 7,552,734 shares, compared to its average volume of 11,130,980. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The company has a 50 day simple moving average of $86.59 and a 200-day simple moving average of $87.63. The firm has a market capitalization of $196.27 billion, a P/E ratio of 16.71, a PEG ratio of 0.40 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 (NYSE:BABA - Get Free Report) last issued its earnings results 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 net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same period last year, the company posted $1.82 earnings per share. The company's quarterly revenue was up 5.2% compared to the same quarter last year. As a group, research analysts forecast that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently commented on BABA. Bank of America boosted their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Benchmark reiterated a "buy" rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Robert W. Baird increased their target price on Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Barclays reduced their target price 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. Finally, Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Alibaba Group currently has an average rating of "Moderate Buy" and an average target price of $115.13.
Get Our Latest Stock Report on Alibaba Group
About Alibaba Group
(
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.
Further Reading
Before you consider Alibaba Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.
While Alibaba Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
