Alibaba Group Holding Limited (NYSE:BABA) is Farley Capital L.P.’s 6th Largest Position

Farley Capital L.P. decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,776 shares of the specialty retailer’s stock after selling 140 shares during the quarter. Alibaba Group makes up 4.5% of Farley Capital L.P.’s portfolio, making the stock its 6th biggest position. Farley Capital L.P.’s holdings in Alibaba Group were worth $5,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Command Advisory Services Inc. bought a new position in shares of Alibaba Group during the second quarter valued at $25,000. GPS Wealth Strategies Group LLC raised its holdings in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Alibaba Group during the first quarter valued at approximately $31,000. EdgeRock Capital LLC bought a new stake in shares of Alibaba Group during the second quarter valued at approximately $40,000. Finally, ICA Group Wealth Management LLC purchased a new position in Alibaba Group in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA stock traded down $1.25 during midday trading on Friday, hitting $81.18. The company’s stock had a trading volume of 11,712,670 shares, compared to its average volume of 16,535,105. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $91.76. The company has a 50 day moving average of $78.89 and a two-hundred day moving average of $76.90. The firm has a market capitalization of $205.99 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 0.42 and a beta of 0.32.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating the consensus estimate of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. Alibaba Group’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $2.47 earnings per share. On average, analysts expect that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup reduced their target price on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Loop Capital restated a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. Truist Financial dropped their target price on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Mizuho decreased their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $107.61.

About Alibaba Group

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.