Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Naviter Wealth LLC

Naviter Wealth LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,259 shares of the specialty retailer’s stock after purchasing an additional 959 shares during the quarter. Naviter Wealth LLC’s holdings in Alibaba Group were worth $5,015,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Alibaba Group during the 2nd quarter valued at about $27,000. First Command Advisory Services Inc. purchased a new position in Alibaba Group during the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC lifted its holdings in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 209 shares during the period. Register Financial Advisors LLC purchased a new stake in Alibaba Group in the 1st quarter worth approximately $31,000. Finally, Asset Dedication LLC grew its stake in shares of Alibaba Group by 315.0% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded down $2.31 on Thursday, reaching $99.86. The company’s stock had a trading volume of 1,413,240 shares, compared to its average volume of 17,847,072. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The stock’s 50-day moving average is $91.46 and its two-hundred day moving average is $81.84. The stock has a market capitalization of $253.39 billion, a P/E ratio of 23.82, a PEG ratio of 0.55 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $2.47 EPS. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Monday, October 7th. Loop Capital restated a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. Susquehanna reduced their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Finally, Barclays raised their price objective on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.63.

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.