CSat Investment Advisory L.P. Boosts Stake in Alibaba Group Holding Ltd (NYSE:BABA)

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CSat Investment Advisory L.P. raised its position in Alibaba Group Holding Ltd (NYSE:BABA) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,437 shares of the specialty retailer’s stock after buying an additional 617 shares during the period. CSat Investment Advisory L.P.’s holdings in Alibaba Group were worth $1,260,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. USS Investment Management Ltd grew its position in shares of Alibaba Group by 10.0% during the 1st quarter. USS Investment Management Ltd now owns 2,373,700 shares of the specialty retailer’s stock valued at $433,105,000 after acquiring an additional 216,500 shares during the period. Cornerstone Advisors Inc. boosted its holdings in Alibaba Group by 73.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 3,749 shares of the specialty retailer’s stock worth $684,000 after buying an additional 1,593 shares during the period. Interactive Financial Advisors bought a new position in Alibaba Group in the 1st quarter worth approximately $9,103,000. Thornburg Investment Management Inc. boosted its holdings in Alibaba Group by 22.9% in the 1st quarter. Thornburg Investment Management Inc. now owns 2,078,739 shares of the specialty retailer’s stock worth $379,266,000 after buying an additional 386,947 shares during the period. Finally, Buckingham Capital Management Inc. boosted its holdings in Alibaba Group by 56.2% in the 1st quarter. Buckingham Capital Management Inc. now owns 8,316 shares of the specialty retailer’s stock worth $1,517,000 after buying an additional 2,993 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

BABA has been the subject of several analyst reports. UBS Group set a $210.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, June 11th. Macquarie set a $226.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Wednesday, June 19th. Jefferies Financial Group initiated coverage on shares of Alibaba Group in a report on Monday, August 5th. They issued a “buy” rating and a $216.00 price objective for the company. Bank of America set a $233.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Morgan Stanley set a $207.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $220.69.

NYSE:BABA traded up $2.05 during trading hours on Friday, reaching $182.51. The company’s stock had a trading volume of 15,782,348 shares, compared to its average volume of 9,694,152. The firm has a market capitalization of $464.38 billion, a price-to-earnings ratio of 50.84, a PEG ratio of 1.11 and a beta of 2.28. Alibaba Group Holding Ltd has a 1 year low of $129.77 and a 1 year high of $195.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50-day simple moving average of $170.32 and a 200-day simple moving average of $173.16.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.32. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. The business had revenue of $114.92 billion for the quarter, compared to analyst estimates of $111.65 billion. During the same quarter last year, the firm earned $1.01 EPS. The company’s revenue was up 42.0% on a year-over-year basis. Equities analysts anticipate that Alibaba Group Holding Ltd will post 5.81 earnings per share for the current fiscal year.

About Alibaba Group

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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