WP Advisors LLC Has $562,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

WP Advisors LLC decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 43.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,300 shares of the specialty retailer’s stock after selling 4,050 shares during the quarter. WP Advisors LLC’s holdings in Alibaba Group were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Primecap Management Co. CA grew its stake in shares of Alibaba Group by 5.2% in the second quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer’s stock worth $1,574,711,000 after acquiring an additional 1,074,175 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Alibaba Group by 1,392.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after purchasing an additional 5,715,155 shares during the last quarter. AMF Tjanstepension AB increased its holdings in shares of Alibaba Group by 6.9% during the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after purchasing an additional 178,999 shares during the period. Eminence Capital LP increased its stake in Alibaba Group by 9.0% during the second quarter. Eminence Capital LP now owns 1,830,387 shares of the specialty retailer’s stock valued at $131,788,000 after acquiring an additional 150,488 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Alibaba Group by 9,205.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer’s stock valued at $1,801,240,000 after acquiring an additional 1,679,117 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 2.2 %

BABA stock opened at $88.59 on Monday. The stock has a market capitalization of $212.12 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 0.39 and a beta of 0.35. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $98.18 and a 200-day moving average price of $85.70. 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 posted 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 during the quarter, compared to the consensus estimate of $248.32 billion. During the same period last year, the company earned $2.47 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 8.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial lowered their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Susquehanna lowered their target price on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday. Finally, Mizuho raised their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $114.53.

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.