TFB Advisors LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

TFB Advisors LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 4,022 shares of the specialty retailer’s stock, valued at approximately $427,000.

Several other institutional investors and hedge funds have also made changes to their positions in BABA. CANADA LIFE ASSURANCE Co raised its position in Alibaba Group by 462.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after acquiring an additional 139,134 shares during the last quarter. Generate Investment Management Ltd acquired a new position in shares of Alibaba Group during the 3rd quarter worth approximately $12,656,000. SRN Advisors LLC lifted its stake in Alibaba Group by 76.7% in the 1st quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after buying an additional 9,663 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Alibaba Group by 6.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after buying an additional 50,000 shares during the last quarter. Finally, United Advisor Group LLC acquired a new position in shares of Alibaba Group in the third quarter worth $631,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial dropped their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Sanford C. Bernstein boosted their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research 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 for the company in a research note on Monday, October 7th. Barclays increased their price target on Alibaba Group from $107.00 to $137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.13.

Alibaba Group Stock Performance

Shares of BABA opened at $94.18 on Friday. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a market cap of $225.56 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 0.46 and a beta of 0.35. The business’s 50 day moving average is $97.25 and its two-hundred day moving average is $84.97.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The business had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. During the same quarter last year, the company posted $2.47 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts forecast that Alibaba Group Holding Limited will post 8.08 EPS for the current fiscal 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.