Winthrop Advisory Group LLC Invests $248,000 in Alibaba Group Holding Limited (NYSE:BABA)

Winthrop Advisory Group LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,336 shares of the specialty retailer’s stock, valued at approximately $248,000.

A number of other large investors have also bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in Alibaba Group in the 1st quarter valued at about $529,000. Geneos Wealth Management Inc. raised its holdings in Alibaba Group by 118.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,430 shares of the specialty retailer’s stock valued at $465,000 after acquiring an additional 3,482 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of Alibaba Group by 8.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 8,279 shares of the specialty retailer’s stock worth $599,000 after acquiring an additional 632 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Alibaba Group by 18.4% in the first quarter. Oppenheimer & Co. Inc. now owns 62,009 shares of the specialty retailer’s stock worth $4,487,000 after acquiring an additional 9,650 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Alibaba Group by 10.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 31,884 shares of the specialty retailer’s stock valued at $2,307,000 after purchasing an additional 2,929 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 3.5 %

Shares of NYSE BABA opened at $100.16 on Friday. The stock has a market capitalization of $239.87 billion, a P/E ratio of 26.22, a PEG ratio of 0.46 and a beta of 0.35. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82. The firm’s 50 day simple moving average is $96.65 and its two-hundred day simple moving average is $84.70. 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 released its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating the consensus estimate 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 net margin of 7.31% and a return on equity of 12.08%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.47 EPS. As a group, analysts expect that Alibaba Group Holding Limited will post 8.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Sanford C. Bernstein lifted their target price on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th. Barclays increased their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Truist Financial lowered their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Finally, Loop Capital restated a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a research report on Thursday, August 29th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.13.

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.