Kercheville Advisors LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,551 shares of the specialty retailer’s stock, valued at approximately $271,000.
Other institutional investors have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Alibaba Group during the 2nd quarter valued at approximately $27,000. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group in the 2nd quarter worth about $25,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the period. Asset Dedication LLC grew its holdings in Alibaba Group by 315.0% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 400 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Alibaba Group in the 2nd quarter worth about $38,000. Institutional investors own 13.47% of the company’s stock.
Alibaba Group Stock Performance
Shares of BABA stock opened at $97.42 on Monday. The stock’s 50-day moving average is $94.08 and its two-hundred day moving average is $83.22. The firm has a market cap of $247.20 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 0.55 and a beta of 0.35. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on BABA. JPMorgan Chase & Co. boosted their price objective on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Barclays boosted their target price on shares of Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Sanford C. Bernstein raised their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, August 16th. Jefferies Financial Group reissued a “buy” rating and issued a $116.00 price objective on shares of Alibaba Group in a research report on Friday, July 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.00.
Check Out Our Latest Stock Analysis on BABA
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.
See Also
- Five stocks we like better than Alibaba Group
- What is the S&P/TSX Index?
- GM’s Lithium Americas Deal Positions It for EV Dominance
- How to Invest in the Best Canadian Stocks
- Amazon: Why Analysts Think It’s A Solid Buy Ahead Of Earnings
- 10 Best Airline Stocks to Buy
- NextEra’s Diverse Business Is Set to Win As Energy Demand Rises
Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA – Free Report).
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.