Intellectus Partners LLC Buys 1,997 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Intellectus Partners LLC lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,704 shares of the specialty retailer’s stock after buying an additional 1,997 shares during the period. Intellectus Partners LLC’s holdings in Alibaba Group were worth $2,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Command Advisory Services Inc. bought a new position in shares of Alibaba Group during the 2nd quarter worth $25,000. GPS Wealth Strategies Group LLC raised its stake in shares of Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group during the 2nd quarter worth about $27,000. Concord Wealth Partners lifted its holdings in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new position in Alibaba Group in the 3rd quarter valued at $36,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Down 1.6 %

Alibaba Group stock opened at $90.54 on Friday. The stock has a market cap of $216.79 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 0.41 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a fifty day moving average of $97.87 and a 200 day moving average of $85.44. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the prior year, the business posted $2.47 EPS. Alibaba Group’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that Alibaba Group Holding Limited will post 8.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday. Robert W. Baird increased their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Monday, October 7th. Barclays increased their price target on shares of Alibaba Group from $107.00 to $137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.53.

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.