Adalta Capital Management LLC Has $744,000 Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Adalta Capital Management LLC reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 13.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,015 shares of the specialty retailer’s stock after selling 1,085 shares during the period. Adalta Capital Management LLC’s holdings in Alibaba Group were worth $744,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BABA. TRUE Private Wealth Advisors grew its position in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after buying an additional 112 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares in the last quarter. ICA Group Wealth Management LLC increased its position in shares of Alibaba Group by 14.6% during the second quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 128 shares during the period. Cornerstone Wealth Management LLC raised its stake in shares of Alibaba Group by 4.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock valued at $361,000 after purchasing an additional 139 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in Alibaba Group by 3.0% in the third quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock worth $515,000 after purchasing an additional 143 shares during the period. 13.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BABA. Macquarie upgraded shares of 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. StockNews.com upgraded shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a research note on Friday. Benchmark reaffirmed a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Morgan Stanley reissued an “equal weight” rating and issued a $90.00 target price on shares of Alibaba Group in a report on Friday, August 23rd. Finally, Loop Capital reiterated a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.07.

Alibaba Group Trading Up 2.1 %

Shares of NYSE BABA opened at $85.93 on Monday. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $97.09 and a two-hundred day moving average of $86.07. The company has a market cap of $205.35 billion, a PE ratio of 17.43, a P/E/G ratio of 0.42 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 EPS. As a group, equities analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

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.