Alibaba Group Holding Limited (NYSE:BABA) is Ativo Capital Management LLC’s 6th Largest Position

Ativo Capital Management LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,898 shares of the specialty retailer’s stock after purchasing an additional 2,190 shares during the period. Alibaba Group accounts for 3.3% of Ativo Capital Management LLC’s portfolio, making the stock its 6th largest position. Ativo Capital Management LLC’s holdings in Alibaba Group were worth $3,809,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Concord Wealth Partners grew its position in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Alibaba Group in the second quarter worth approximately $27,000. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group during the third quarter valued at approximately $36,000. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group during the second quarter valued at approximately $25,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on BABA shares. Bank of America increased their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays dropped their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Susquehanna decreased their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. Loop Capital reaffirmed a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Stock Down 2.9 %

BABA opened at $83.13 on Monday. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The firm’s 50 day simple moving average is $98.42 and its two-hundred day simple moving average is $85.92. The company has a current ratio of 1.37, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $199.05 billion, a PE ratio of 16.86, a PEG ratio of 0.42 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.82 EPS. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 8.51 EPS for the current year.

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.