Aptus Capital Advisors LLC Acquires New Shares in Alibaba Group Holding Limited (NYSE:BABA)

Aptus Capital Advisors LLC bought a new position in Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,945 shares of the specialty retailer’s stock, valued at approximately $206,000.

Several other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in Alibaba Group by 1,392.6% during 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 buying an additional 5,715,155 shares during the period. International Assets Investment Management LLC grew its stake in shares of Alibaba Group by 9,205.2% in the third quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer’s stock worth $1,801,240,000 after purchasing an additional 1,679,117 shares during the last quarter. AMF Tjanstepension AB increased its holdings in Alibaba Group by 79.5% in the second quarter. AMF Tjanstepension AB now owns 2,610,884 shares of the specialty retailer’s stock valued at $188,197,000 after purchasing an additional 1,156,479 shares during the period. Marshall Wace LLP raised its position in Alibaba Group by 384.2% during the 2nd quarter. Marshall Wace LLP now owns 1,424,944 shares of the specialty retailer’s stock worth $102,596,000 after purchasing an additional 1,130,643 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Alibaba Group by 523.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,335,600 shares of the specialty retailer’s stock worth $96,163,000 after buying an additional 1,121,500 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Down 2.2 %

Shares of NYSE:BABA opened at $88.59 on Friday. The firm has a market cap of $212.12 billion, a P/E ratio of 23.19, a PEG ratio of 0.41 and a beta of 0.35. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The business’s 50 day simple moving average is $98.18 and its two-hundred day simple moving average is $85.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. Alibaba Group’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.47 EPS. As a group, research analysts forecast that Alibaba Group Holding Limited will post 8.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BABA. StockNews.com cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Susquehanna lowered their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Truist Financial lowered their target price on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Finally, Loop Capital reaffirmed a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.