Arkadios Wealth Advisors Raises Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Arkadios Wealth Advisors increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 19.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,971 shares of the specialty retailer’s stock after purchasing an additional 2,250 shares during the period. Arkadios Wealth Advisors’ holdings in Alibaba Group were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. grew its position in Alibaba Group by 11.4% during the fourth quarter. Principal Financial Group Inc. now owns 2,887 shares of the specialty retailer’s stock valued at $343,000 after buying an additional 296 shares during the period. Geode Capital Management LLC grew its position in Alibaba Group by 40.7% during the fourth quarter. Geode Capital Management LLC now owns 921,377 shares of the specialty retailer’s stock valued at $109,588,000 after buying an additional 266,618 shares during the period. Mutual Advisors LLC grew its position in Alibaba Group by 48.5% during the fourth quarter. Mutual Advisors LLC now owns 19,430 shares of the specialty retailer’s stock valued at $2,308,000 after buying an additional 6,347 shares during the period. GSA Capital Partners LLP acquired a new stake in Alibaba Group during the fourth quarter valued at $993,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Alibaba Group during the fourth quarter valued at $5,475,000. Hedge funds and other institutional investors own 14.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BABA. Bank of America dropped their price target on shares of Alibaba Group from $162.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, July 5th. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $115.00 to $130.00 in a research report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Alibaba Group from $155.00 to $160.00 in a research report on Monday, August 8th. Finally, The Goldman Sachs Group lifted their target price on shares of Alibaba Group from $163.00 to $167.00 in a research report on Monday, July 11th. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.53.

Alibaba Group Price Performance

Alibaba Group stock opened at $80.71 on Friday. The company’s 50 day simple moving average is $93.66 and its 200-day simple moving average is $98.45. The company has a market capitalization of $213.73 billion, a price-to-earnings ratio of 44.84, a price-to-earnings-growth ratio of 1.44 and a beta of 0.55. Alibaba Group Holding Limited has a 1 year low of $73.28 and a 1 year high of $182.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.72 and a current ratio of 1.72.

Alibaba Group (NYSE:BABAGet Rating) last released its quarterly earnings results on Thursday, August 4th. The specialty retailer reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.57. The business had revenue of $30.69 billion for the quarter, compared to the consensus estimate of $31.15 billion. Alibaba Group had a net margin of 3.69% and a return on equity of 10.03%. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 6.32 earnings per share for the current year.

About Alibaba Group

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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.

See Also

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

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