Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Boosted by TT International Asset Management LTD

TT International Asset Management LTD grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 132.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 366,871 shares of the specialty retailer’s stock after acquiring an additional 209,111 shares during the quarter. Alibaba Group accounts for approximately 4.8% of TT International Asset Management LTD’s portfolio, making the stock its 6th largest holding. TT International Asset Management LTD’s holdings in Alibaba Group were worth $38,932,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. First Command Advisory Services Inc. purchased a new position in shares of Alibaba Group in the 2nd quarter worth about $25,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Alibaba Group in the 2nd quarter worth about $27,000. Concord Wealth Partners boosted its holdings in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new position in shares of Alibaba Group in the 3rd quarter worth about $36,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Down 2.7 %

Shares of BABA opened at $89.86 on Wednesday. The business’s 50-day moving average price is $96.81 and its 200-day moving average price is $86.15. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The stock has a market cap of $214.74 billion, a PE ratio of 18.23, a P/E/G ratio of 0.42 and a beta of 0.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BABA. Barclays cut their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their price objective on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America boosted their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Mizuho boosted their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.07.

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.