Pavion Blue Capital LLC Buys New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Pavion Blue Capital LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 2,400 shares of the specialty retailer’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. Wealth Enhancement Advisory Services LLC increased its holdings in Alibaba Group by 1.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,399 shares of the specialty retailer’s stock worth $1,548,000 after purchasing an additional 241 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in Alibaba Group by 17.7% during the 1st quarter. 180 Wealth Advisors LLC now owns 7,609 shares of the specialty retailer’s stock worth $551,000 after purchasing an additional 1,144 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Alibaba Group during the 1st quarter worth approximately $31,000. Foguth Wealth Management LLC. bought a new stake in Alibaba Group during the 1st quarter worth approximately $256,000. Finally, Fiduciary Alliance LLC grew its holdings in shares of Alibaba Group by 154.1% in the first quarter. Fiduciary Alliance LLC now owns 55,229 shares of the specialty retailer’s stock valued at $4,052,000 after acquiring an additional 33,490 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on BABA. Benchmark reaffirmed a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, August 16th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Monday, October 7th. Robert W. Baird upped their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday. Barclays upped their target price on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Susquehanna reduced their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.00.

Alibaba Group Trading Up 1.1 %

NYSE:BABA opened at $97.38 on Friday. The company has a market cap of $247.09 billion, a P/E ratio of 22.70, a P/E/G ratio of 0.55 and a beta of 0.35. The stock’s fifty day moving average price is $94.08 and its two-hundred day moving average price is $83.09. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. 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 (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $14.57. The firm had revenue of $243.24 billion for the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.47 earnings per share. As a group, analysts expect that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Alibaba Group 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.