2,484 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,484 shares of the specialty retailer’s stock, valued at approximately $264,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CANADA LIFE ASSURANCE Co raised its stake in shares of Alibaba Group by 462.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock valued at $12,275,000 after acquiring an additional 139,134 shares in the last quarter. Generate Investment Management Ltd bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $12,656,000. SRN Advisors LLC raised its stake in shares of Alibaba Group by 76.7% during the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after acquiring an additional 9,663 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after acquiring an additional 11,192 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Alibaba Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $116.00 price target on shares of Alibaba Group in a report on Friday, July 26th. Truist Financial dropped their price objective 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. Morgan Stanley reissued an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a report on Friday, August 23rd. Robert W. Baird boosted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Barclays boosted their price objective on shares of Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.53.

Alibaba Group Stock Down 3.8 %

BABA stock opened at $91.78 on Wednesday. The stock has a market capitalization of $219.81 billion, a P/E ratio of 24.03, a P/E/G ratio of 0.42 and a beta of 0.35. The firm has a 50-day simple moving average of $97.68 and a 200-day simple moving average of $85.39. 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 52 week low of $66.63 and a 52 week high of $117.82.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The business had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. During the same quarter in the previous year, the company earned $2.47 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts forecast that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

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.