Aptus Capital Advisors LLC Purchases Shares of 1,945 Alibaba Group Holding Limited (NYSE:BABA)

Aptus Capital Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,945 shares of the specialty retailer’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE raised its stake in Alibaba Group by 12.2% in the 1st quarter. US Bancorp DE now owns 30,414 shares of the specialty retailer’s stock valued at $2,201,000 after acquiring an additional 3,305 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Alibaba Group by 53.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 28,517 shares of the specialty retailer’s stock worth $2,063,000 after buying an additional 9,899 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Alibaba Group by 9.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 185,112 shares of the specialty retailer’s stock worth $13,582,000 after buying an additional 16,553 shares during the period. Acadian Asset Management LLC bought a new position in Alibaba Group in the 1st quarter valued at about $312,000. Finally, Jacobi Capital Management LLC lifted its position in Alibaba Group by 62.9% during the first quarter. Jacobi Capital Management LLC now owns 5,397 shares of the specialty retailer’s stock worth $391,000 after acquiring an additional 2,084 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BABA shares. Bank of America upped their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Susquehanna lowered their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. 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 report on Monday, October 7th. Robert W. Baird lifted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $116.00 price objective on shares of Alibaba Group in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.53.

Alibaba Group Trading Down 2.2 %

Shares of BABA stock opened at $88.59 on Friday. 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 Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The company has a market cap of $212.12 billion, a PE ratio of 23.19, a P/E/G ratio of 0.41 and a beta of 0.35. The stock’s fifty day moving average price is $98.18 and its two-hundred day moving average price is $85.56.

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

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.