Endowment Wealth Management Inc. Takes $309,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Endowment Wealth Management Inc. bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, Holdings Channel.com reports. The fund bought 2,913 shares of the specialty retailer’s stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BABA. Envestnet Portfolio Solutions Inc. increased its stake in shares of Alibaba Group by 8.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,279 shares of the specialty retailer’s stock valued at $599,000 after buying an additional 632 shares during the period. US Bancorp DE increased its stake in shares of Alibaba Group by 12.2% in the 1st quarter. US Bancorp DE now owns 30,414 shares of the specialty retailer’s stock valued at $2,201,000 after buying an additional 3,305 shares during the period. Blair William & Co. IL increased its stake in shares of Alibaba Group by 1.5% in the 1st quarter. Blair William & Co. IL now owns 87,022 shares of the specialty retailer’s stock valued at $6,297,000 after buying an additional 1,269 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of Alibaba Group by 53.2% during the first quarter. Orion Portfolio Solutions LLC now owns 28,517 shares of the specialty retailer’s stock worth $2,063,000 after purchasing an additional 9,899 shares during the period. Finally, GM Advisory Group LLC acquired a new stake in shares of Alibaba Group during the first quarter worth $307,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of analyst reports. Macquarie raised 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. Bank of America lifted their price objective on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $116.00 price objective on shares of Alibaba Group in a research note on Friday, July 26th. Loop Capital reaffirmed a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Finally, Robert W. Baird lifted their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three 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, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.53.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $91.99 on Thursday. The firm has a market cap of $220.31 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 0.41 and a beta of 0.35. The stock’s 50-day moving average is $97.87 and its 200-day moving average is $85.44. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41.

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