Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Henry James International Management Inc.

Henry James International Management Inc. increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 34.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,104 shares of the specialty retailer’s stock after acquiring an additional 4,943 shares during the quarter. Henry James International Management Inc.’s holdings in Alibaba Group were worth $2,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Diversify Advisory Services LLC purchased a new stake in Alibaba Group in the 1st quarter valued at about $262,000. Choreo LLC raised its holdings in Alibaba Group by 21.8% in the 1st quarter. Choreo LLC now owns 3,909 shares of the specialty retailer’s stock valued at $283,000 after buying an additional 700 shares during the period. Whittier Trust Co. raised its holdings in Alibaba Group by 25.0% in the 1st quarter. Whittier Trust Co. now owns 2,575 shares of the specialty retailer’s stock valued at $186,000 after buying an additional 515 shares during the period. GSA Capital Partners LLP purchased a new stake in Alibaba Group in the 1st quarter valued at about $529,000. Finally, Coronation Fund Managers Ltd. raised its holdings in Alibaba Group by 6.4% in the 1st quarter. Coronation Fund Managers Ltd. now owns 113,028 shares of the specialty retailer’s stock valued at $8,179,000 after buying an additional 6,785 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

Shares of BABA opened at $99.38 on Monday. The stock has a 50 day moving average price of $95.62 and a 200 day moving average price of $84.20. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $238.01 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 0.46 and a beta of 0.36. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. The firm had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.47 earnings per share. Research analysts predict that Alibaba Group Holding Limited will post 8.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BABA. Bank of America boosted their price objective 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. Robert W. Baird boosted their price target 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. Barclays boosted 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. Susquehanna cut 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 note on Monday, August 19th. Finally, Loop Capital reiterated a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.13.

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.