Foundations Investment Advisors LLC Raises Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Foundations Investment Advisors LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 31.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,184 shares of the specialty retailer’s stock after buying an additional 27,805 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Alibaba Group were worth $8,293,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Primecap Management Co. CA grew its holdings in Alibaba Group by 5.1% in the fourth quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock worth $1,412,618,000 after purchasing an additional 881,710 shares during the last quarter. Sanders Capital LLC lifted its stake in shares of Alibaba Group by 5.4% during the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock worth $1,228,398,000 after buying an additional 819,019 shares during the period. FIL Ltd lifted its stake in shares of Alibaba Group by 10.2% during the fourth quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock worth $823,986,000 after buying an additional 983,842 shares during the period. H&H International Investment LLC lifted its stake in shares of Alibaba Group by 63.1% during the fourth quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock worth $384,390,000 after buying an additional 1,918,730 shares during the period. Finally, Norges Bank acquired a new position in Alibaba Group during the fourth quarter valued at $329,367,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein boosted their target price on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, August 16th. Citigroup decreased their target price on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Truist Financial decreased their target price on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Robert W. Baird boosted their target price on shares of Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.61.

Alibaba Group Trading Up 0.8 %

Shares of BABA stock traded up $0.63 during trading hours on Wednesday, hitting $82.90. The company had a trading volume of 2,743,058 shares, compared to its average volume of 16,556,725. The company’s fifty day moving average is $78.34 and its 200 day moving average is $76.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $95.80. The stock has a market capitalization of $210.36 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 0.42 and a beta of 0.32.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same period in the prior year, the business posted $2.47 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts expect that Alibaba Group Holding Limited will post 7.93 earnings per share for the current fiscal year.

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.