Knuff & Co LLC Buys 1,940 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Knuff & Co LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 4.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 47,494 shares of the specialty retailer’s stock after purchasing an additional 1,940 shares during the period. Alibaba Group comprises about 1.5% of Knuff & Co LLC’s investment portfolio, making the stock its 19th largest holding. Knuff & Co LLC’s holdings in Alibaba Group were worth $5,040,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BABA. CANADA LIFE ASSURANCE Co grew its stake in Alibaba Group by 462.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock valued at $12,275,000 after purchasing an additional 139,134 shares during the last quarter. Generate Investment Management Ltd purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at $12,656,000. SRN Advisors LLC grew its position in Alibaba Group by 76.7% during the 1st quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock worth $1,611,000 after purchasing an additional 9,663 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after acquiring an additional 11,192 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after purchasing an additional 50,000 shares during the period. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Susquehanna decreased their target price on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Barclays upped their price target on Alibaba Group from $107.00 to $137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.53.

Alibaba Group Stock Up 0.9 %

Shares of Alibaba Group stock opened at $89.37 on Tuesday. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The company has a market capitalization of $213.99 billion, a PE ratio of 18.13, a P/E/G ratio of 0.39 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50-day moving average of $98.34 and a 200-day moving average of $85.77.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 earnings per share. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 8.51 EPS for the current fiscal year.

About Alibaba Group

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.