World Investment Advisors LLC Has $1.09 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

World Investment Advisors LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 17.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,252 shares of the specialty retailer’s stock after acquiring an additional 1,486 shares during the quarter. World Investment Advisors LLC’s holdings in Alibaba Group were worth $1,088,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BABA. Sanctuary Advisors LLC increased its stake in shares of Alibaba Group by 29.2% in the third quarter. Sanctuary Advisors LLC now owns 59,025 shares of the specialty retailer’s stock worth $6,264,000 after acquiring an additional 13,351 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Alibaba Group by 21.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 114,981 shares of the specialty retailer’s stock valued at $12,202,000 after buying an additional 20,654 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $637,000. Virtu Financial LLC increased its holdings in Alibaba Group by 1,033.1% in the third quarter. Virtu Financial LLC now owns 134,686 shares of the specialty retailer’s stock worth $14,293,000 after buying an additional 122,800 shares during the last quarter. Finally, Hohimer Wealth Management LLC lifted its stake in Alibaba Group by 0.8% in the third quarter. Hohimer Wealth Management LLC now owns 42,545 shares of the specialty retailer’s stock valued at $4,515,000 after acquiring an additional 321 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 1.6 %

BABA opened at $87.82 on Monday. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The company has a market capitalization of $209.87 billion, a P/E ratio of 17.81, a P/E/G ratio of 0.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s fifty day moving average price is $94.82 and its two-hundred day moving average price is $86.39.

Alibaba Group (NYSE:BABA) last released 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 company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analyst Ratings Changes

BABA has been the topic of a number of recent research reports. 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 report on Wednesday, October 9th. Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Susquehanna dropped their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. Barclays decreased their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $114.07.

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.