Douglass Winthrop Advisors LLC Makes New $329,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Douglass Winthrop Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,100 shares of the specialty retailer’s stock, valued at approximately $329,000.

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

Wall Street Analyst Weigh In

BABA has been the subject of several research reports. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird increased their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. 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 research report on Friday, August 16th. Sanford C. Bernstein raised their target price on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, August 16th. Finally, Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.07.

Alibaba Group Stock Up 2.9 %

Shares of BABA stock opened at $85.58 on Tuesday. The stock has a 50 day moving average of $98.46 and a 200-day moving average of $85.97. The firm has a market cap of $204.77 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.41 and a beta of 0.35. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The company 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 business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 EPS. On average, equities analysts predict 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.