Holistic Financial Partners Invests $288,000 in Alibaba Group Holding Limited (NYSE:BABA)

Holistic Financial Partners bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,712 shares of the specialty retailer’s stock, valued at approximately $288,000.

A number of other large investors have also bought and sold shares of BABA. CANADA LIFE ASSURANCE Co grew its holdings in Alibaba Group by 462.5% during the 1st 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 bought a new position in shares of Alibaba Group in the third quarter worth about $12,656,000. SRN Advisors LLC lifted 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 worth $1,611,000 after purchasing an additional 9,663 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after purchasing an additional 11,192 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings 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 valued at $87,327,000 after purchasing an additional 50,000 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $88.59 on Monday. The firm has a market cap of $212.12 billion, a PE ratio of 17.97, a PEG ratio of 0.39 and a beta of 0.35. The company has a fifty day moving average price of $98.18 and a 200 day moving average price of $85.70. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. During the same quarter in the previous year, the business posted $2.47 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts predict that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

BABA has been the topic of a number of recent research reports. Bank of America increased their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Monday, October 7th. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and an average target price of $114.53.

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.