Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Riversedge Advisors LLC

Riversedge Advisors LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 41.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,664 shares of the specialty retailer’s stock after acquiring an additional 774 shares during the period. Riversedge Advisors LLC’s holdings in Alibaba Group were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BABA. Envestnet Asset Management Inc. increased its position in shares of Alibaba Group by 8.4% during the second quarter. Envestnet Asset Management Inc. now owns 348,934 shares of the specialty retailer’s stock valued at $25,123,000 after acquiring an additional 27,058 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Alibaba Group by 8.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,007 shares of the specialty retailer’s stock worth $937,000 after purchasing an additional 964 shares during the period. Seven Eight Capital LP acquired a new stake in Alibaba Group in the 2nd quarter valued at approximately $1,045,000. XTX Topco Ltd raised its position in Alibaba Group by 83.5% in the second quarter. XTX Topco Ltd now owns 12,885 shares of the specialty retailer’s stock valued at $928,000 after purchasing an additional 5,865 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Alibaba Group by 9.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,382 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 290 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 3.3 %

Alibaba Group stock opened at $85.16 on Friday. The stock’s fifty day moving average is $86.06 and its two-hundred day moving average is $87.68. The stock has a market cap of $202.93 billion, a PE ratio of 17.27, a P/E/G ratio of 0.40 and a beta of 0.30. 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 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during 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%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 earnings per share. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Monday, October 7th. Robert W. Baird increased their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays dropped their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Bank of America increased their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

About Alibaba Group

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.