Balasa Dinverno & Foltz LLC Raises Stake in Alibaba Group Holding Ltd (NYSE:BABA)

Balasa Dinverno & Foltz LLC raised its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 15.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,531 shares of the specialty retailer’s stock after buying an additional 200 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Alibaba Group were worth $256,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Enterprise Trust & Investment Co purchased a new position in shares of Alibaba Group during the 3rd quarter worth $27,000. Lee Financial Co grew its holdings in shares of Alibaba Group by 194.6% during the 2nd quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 109 shares during the period. WealthStone Inc. purchased a new position in shares of Alibaba Group during the 2nd quarter worth $29,000. B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of Alibaba Group during the 3rd quarter worth $33,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Alibaba Group by 100.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 100 shares during the period. Institutional investors own 43.78% of the company’s stock.

Shares of Alibaba Group stock opened at $186.97 on Wednesday. The business has a 50-day moving average of $173.84 and a 200 day moving average of $171.00. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72. The stock has a market capitalization of $475.73 billion, a price-to-earnings ratio of 52.08, a price-to-earnings-growth ratio of 1.22 and a beta of 2.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.38.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 1st. The specialty retailer reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.30. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. The company had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.72 billion. Equities research analysts anticipate that Alibaba Group Holding Ltd will post 5.94 earnings per share for the current year.

A number of research firms have recently weighed in on BABA. KeyCorp lowered their price target on Alibaba Group from $245.00 to $243.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Goldman Sachs Group set a $236.00 price target on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, September 24th. HSBC increased their price target on Alibaba Group from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Stifel Nicolaus set a $225.00 price target on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Morgan Stanley set a $207.00 price target on Alibaba Group and gave the stock a “buy” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $225.78.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Read More: Federal Reserve

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.