Whitaker Myers Wealth Managers LTD. acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,075 shares of the specialty retailer's stock, valued at approximately $261,000.
Several other institutional investors have also recently bought and sold shares of BABA. Envestnet Asset Management Inc. raised its position in Alibaba Group by 8.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 348,934 shares of the specialty retailer's stock valued at $25,123,000 after purchasing an additional 27,058 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Alibaba Group by 8.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,007 shares of the specialty retailer's stock worth $937,000 after acquiring an additional 964 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Alibaba Group during the second quarter worth $1,045,000. XTX Topco Ltd raised its position in shares of Alibaba Group by 83.5% during the second quarter. XTX Topco Ltd now owns 12,885 shares of the specialty retailer's stock worth $928,000 after acquiring an additional 5,865 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Alibaba Group by 9.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,382 shares of the specialty retailer's stock worth $244,000 after acquiring an additional 290 shares during the last quarter. Institutional investors own 13.47% of the company's stock.
Alibaba Group Trading Up 3.3 %
NYSE:BABA traded up $2.73 on Friday, reaching $85.16. The company's stock had a trading volume of 21,072,995 shares, compared to its average volume of 10,289,486. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $202.93 billion, a PE ratio of 17.27, a PEG ratio of 0.40 and a beta of 0.30. The business's 50-day moving average price is $86.06 and its two-hundred day moving average price is $87.78.
Alibaba Group (NYSE:BABA - Get Free Report) last posted its 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 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 company's revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 earnings per share. Equities research analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on BABA shares. StockNews.com downgraded Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. Benchmark restated a "buy" rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Bank of America boosted their target price on Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Barclays decreased their price objective on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. Finally, Macquarie raised Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective for the company in a research note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $115.13.
Get Our Latest 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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
