Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Beaton Management Co. Inc.

Beaton Management Co. Inc. grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,567 shares of the specialty retailer’s stock after purchasing an additional 170 shares during the period. Beaton Management Co. Inc.’s holdings in Alibaba Group were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BABA. SouthState Corp raised its position in Alibaba Group by 116.8% during the first quarter. SouthState Corp now owns 232 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 125 shares in the last quarter. Chilton Capital Management LLC bought a new position in Alibaba Group during the fourth quarter valued at approximately $28,000. Global Wealth Management Investment Advisory Inc. raised its position in shares of Alibaba Group by 74.1% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 235 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Moisand Fitzgerald Tamayo LLC raised its position in shares of Alibaba Group by 167.3% in the first quarter. Moisand Fitzgerald Tamayo LLC now owns 294 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 184 shares during the period. Finally, First Command Bank raised its position in shares of Alibaba Group by 77.9% in the first quarter. First Command Bank now owns 354 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 155 shares during the period. 14.81% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Down 1.2 %

Shares of NYSE:BABA opened at $89.52 on Friday. Alibaba Group Holding Limited has a 52 week low of $73.28 and a 52 week 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. The company’s fifty day moving average is $99.06 and its 200-day moving average is $99.71. The company has a market capitalization of $237.06 billion, a PE ratio of 49.73, a P/E/G ratio of 1.49 and a beta of 0.55.

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

Analyst Ratings Changes

A number of research firms have recently commented on BABA. The Goldman Sachs Group lifted their price target on shares of Alibaba Group from $163.00 to $167.00 in a research report on Monday, July 11th. Barclays dropped their price target on shares of Alibaba Group from $170.00 to $161.00 and set an “overweight” rating on the stock in a research report on Friday, May 27th. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $115.00 to $130.00 in a research report on Tuesday, July 19th. Citigroup dropped their target price on shares of Alibaba Group from $176.00 to $172.00 and set a “buy” rating on the stock in a research report on Tuesday, July 5th. Finally, Robert W. Baird dropped their target price on shares of Alibaba Group from $160.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, May 23rd. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $166.53.

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

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

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