Pathstone Holdings LLC Has $3.94 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Pathstone Holdings LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 37,149 shares of the specialty retailer’s stock after buying an additional 1,987 shares during the period. Pathstone Holdings LLC’s holdings in Alibaba Group were worth $3,942,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BABA. Acadian Asset Management LLC acquired a new stake in shares of Alibaba Group in the first quarter worth $312,000. Advisors Asset Management Inc. raised its holdings in Alibaba Group by 17.6% in the 1st quarter. Advisors Asset Management Inc. now owns 3,387 shares of the specialty retailer’s stock worth $245,000 after acquiring an additional 506 shares during the period. 1832 Asset Management L.P. lifted its position in Alibaba Group by 277.5% during the 1st quarter. 1832 Asset Management L.P. now owns 80,488 shares of the specialty retailer’s stock worth $5,824,000 after acquiring an additional 59,167 shares during the last quarter. SVB Wealth LLC boosted its holdings in Alibaba Group by 252.6% during the first quarter. SVB Wealth LLC now owns 21,057 shares of the specialty retailer’s stock valued at $1,524,000 after acquiring an additional 15,085 shares during the period. Finally, Progeny 3 Inc. acquired a new stake in shares of Alibaba Group in the first quarter valued at about $9,986,000. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BABA has been the subject of several recent analyst reports. Barclays decreased their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. Susquehanna cut their target price on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. raised their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Mizuho upped their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Trading Down 2.9 %

BABA stock opened at $83.13 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a market cap of $199.05 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.42 and a beta of 0.35. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The business’s 50 day moving average is $98.42 and its 200-day moving average is $85.87.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same period in the prior year, the company posted $1.82 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share 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.