Philosophy Capital Management LLC Has $18.38 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Philosophy Capital Management LLC lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 173,193 shares of the specialty retailer’s stock after selling 5,516 shares during the quarter. Alibaba Group makes up approximately 1.5% of Philosophy Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Philosophy Capital Management LLC’s holdings in Alibaba Group were worth $18,379,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. TRUE Private Wealth Advisors raised its stake in Alibaba Group by 3.7% in the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 112 shares during the period. Venturi Wealth Management LLC raised its stake in Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after acquiring an additional 121 shares during the period. ICA Group Wealth Management LLC lifted its holdings in Alibaba Group by 14.6% during the 2nd quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 128 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in Alibaba Group by 4.3% during the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 139 shares during the period. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Alibaba Group by 3.0% in the third quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock valued at $515,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA stock opened at $85.68 on Wednesday. The business’s 50-day moving average price is $98.14 and its 200-day moving average price is $86.09. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $205.01 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 0.42 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating 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 net margin of 8.98% and a return on equity of 12.28%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 EPS. Equities research analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley restated an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. Loop Capital reiterated a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Robert W. Baird increased their target price 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. Finally, Benchmark reiterated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus target price of $114.07.

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.