Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC lifted its position in Alibaba Group Holding Limited (NYSE:BABA) by 46.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,411 shares of the specialty retailer’s stock after purchasing an additional 1,075 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Alibaba Group were worth $289,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its position in Alibaba Group by 382.4% during the 2nd quarter. Acadian Asset Management LLC now owns 20,865 shares of the specialty retailer’s stock worth $1,502,000 after acquiring an additional 16,540 shares during the period. Choreo LLC lifted its position in Alibaba Group by 48.1% during the 2nd quarter. Choreo LLC now owns 5,789 shares of the specialty retailer’s stock worth $418,000 after acquiring an additional 1,880 shares during the period. State of New Jersey Common Pension Fund D lifted its position in Alibaba Group by 3.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 65,439 shares of the specialty retailer’s stock worth $4,712,000 after acquiring an additional 2,309 shares during the period. Thoroughbred Financial Services LLC lifted its position in Alibaba Group by 25.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,696 shares of the specialty retailer’s stock worth $266,000 after acquiring an additional 744 shares during the period. Finally, Wealthspire Advisors LLC lifted its position in Alibaba Group by 6.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,971 shares of the specialty retailer’s stock worth $214,000 after acquiring an additional 171 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

BABA stock traded up $0.04 during midday trading on Monday, reaching $80.57. The company had a trading volume of 2,676,705 shares, compared to its average volume of 10,636,718. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $87.59 and a 200 day moving average price of $87.54. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The firm has a market capitalization of $191.99 billion, a PE ratio of 16.34, a P/E/G ratio of 0.44 and a beta of 0.30.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Bank of America increased their target price on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird increased their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Monday, October 7th. Finally, Mizuho increased their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.13.

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.