Alibaba Group Holding Ltd (BABA) Stake Increased by Vanguard Capital Wealth Advisors

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Vanguard Capital Wealth Advisors raised its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 44.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,622 shares of the specialty retailer’s stock after buying an additional 1,722 shares during the period. Alibaba Group comprises 1.1% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 23rd biggest position. Vanguard Capital Wealth Advisors’ holdings in Alibaba Group were worth $926,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. increased its holdings in shares of Alibaba Group by 195.1% in the second quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock valued at $112,000 after purchasing an additional 400 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Alibaba Group in the second quarter valued at approximately $116,000. Clarus Wealth Advisors acquired a new stake in shares of Alibaba Group in the second quarter valued at approximately $125,000. American National Bank increased its holdings in shares of Alibaba Group by 55.8% in the second quarter. American National Bank now owns 796 shares of the specialty retailer’s stock valued at $148,000 after purchasing an additional 285 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV increased its holdings in shares of Alibaba Group by 5,724.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 21,607 shares of the specialty retailer’s stock valued at $165,000 after purchasing an additional 21,236 shares in the last quarter. 38.67% of the stock is owned by institutional investors.

A number of analysts recently weighed in on the stock. MED lowered their price target on shares of Alibaba Group to $196.00 and set a “buy” rating for the company in a report on Thursday, August 23rd. Raymond James lowered their price target on shares of Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating for the company in a report on Thursday, August 16th. Argus assumed coverage on shares of Alibaba Group in a report on Monday, June 25th. They issued a “buy” rating and a $275.00 price target for the company. Susquehanna Bancshares reissued a “positive” rating and issued a $305.00 price target on shares of Alibaba Group in a report on Monday, July 9th. Finally, Barclays lowered their price target on shares of Alibaba Group from $230.00 to $225.00 and set a “buy” rating for the company in a report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have issued a buy rating and three have issued a strong buy rating to the company’s stock. Alibaba Group has a consensus rating of “Buy” and an average target price of $222.48.

Shares of BABA stock opened at $142.93 on Friday. Alibaba Group Holding Ltd has a 52-week low of $135.14 and a 52-week high of $211.70. The company has a market capitalization of $363.74 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 1.10 and a beta of 2.41. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Alibaba Group had a net margin of 20.57% and a return on equity of 14.18%. The business had revenue of $12.23 billion during the quarter, compared to the consensus estimate of $12.25 billion. As a group, equities analysts anticipate that Alibaba Group Holding Ltd will post 3.72 earnings per share for the current year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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