SkyView Investment Advisors LLC Buys New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

SkyView Investment Advisors LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,000 shares of the specialty retailer’s stock, valued at approximately $637,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Command Advisory Services Inc. purchased a new position in Alibaba Group during the second quarter valued at $25,000. GPS Wealth Strategies Group LLC grew its position in shares of Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Alibaba Group in the second quarter worth about $27,000. Concord Wealth Partners lifted its position in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new position in Alibaba Group during the third quarter valued at approximately $36,000. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Robert W. Baird upped their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Sanford C. Bernstein lifted their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, August 16th. Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Stock Up 0.3 %

NYSE:BABA opened at $89.25 on Friday. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $213.29 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 0.42 and a beta of 0.30. The company has a 50-day moving average of $95.83 and a 200 day moving average of $86.23.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $1.82 EPS. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS 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.