Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 29.2% during the 3rd quarter, Holdings Channel reports. The fund owned 59,025 shares of the specialty retailer’s stock after purchasing an additional 13,351 shares during the quarter. Sanctuary Advisors LLC’s holdings in Alibaba Group were worth $6,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Concord Wealth Partners boosted its holdings in Alibaba Group by 155.0% during 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. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Alibaba Group during the 2nd quarter valued at about $27,000. Highline Wealth Partners LLC purchased a new position in shares of Alibaba Group in the 3rd quarter valued at about $36,000. First Command Advisory Services Inc. acquired a new position in Alibaba Group in the 2nd quarter worth about $25,000. Finally, Assetmark Inc. boosted its position in Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. Mizuho lifted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird boosted their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America raised their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.07.

Alibaba Group Price Performance

Alibaba Group stock opened at $87.82 on Friday. 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 company has a market capitalization of $209.87 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. The company’s 50 day simple moving average is $94.82 and its 200-day simple moving average is $86.34. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82.

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