Kercheville Advisors LLC Invests $271,000 in Alibaba Group Holding Limited (NYSE:BABA)

Kercheville Advisors LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA) 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.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The business had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same quarter in the prior year, the firm earned $2.47 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts predict that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

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.

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.