Ativo Capital Management LLC Boosts Stake in Alibaba Group Holding Limited (NYSE:BABA)

Ativo Capital Management LLC lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 6.5% in the third quarter, HoldingsChannel.com reports. The fund owned 35,898 shares of the specialty retailer’s stock after buying an additional 2,190 shares during the quarter. Alibaba Group comprises 3.3% of Ativo Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Ativo Capital Management LLC’s holdings in Alibaba Group were worth $3,809,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Generate Investment Management Ltd bought a new stake in Alibaba Group in the 3rd quarter valued at $12,656,000. SRN Advisors LLC grew its position in shares of Alibaba Group by 76.7% during the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after purchasing an additional 9,663 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after purchasing an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Alibaba Group by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after buying an additional 50,000 shares in the last quarter. Finally, United Advisor Group LLC bought a new position in Alibaba Group during the third quarter valued at approximately $631,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $83.13 on Monday. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The company has a market capitalization of $199.05 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.42 and a beta of 0.35. The stock’s fifty day moving average is $98.42 and its two-hundred day moving average is $85.92. The company has a quick ratio of 1.41, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

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

Analysts Set New Price Targets

BABA has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Truist Financial lowered their price objective on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Morgan Stanley restated an “equal weight” rating and issued a $90.00 target price on shares of Alibaba Group in a report on Friday, August 23rd. Loop Capital reaffirmed a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Finally, Bank of America lifted their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Company 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.