Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Seaview Investment Managers LLC

Seaview Investment Managers LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,234 shares of the specialty retailer’s stock after buying an additional 247 shares during the quarter. Seaview Investment Managers LLC’s holdings in Alibaba Group were worth $377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. First Command Advisory Services Inc. acquired a new position in Alibaba Group in the 2nd quarter worth about $25,000. GPS Wealth Strategies Group LLC increased its stake in Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares in the last quarter. Register Financial Advisors LLC acquired a new position in Alibaba Group in the first quarter valued at approximately $31,000. Asset Dedication LLC lifted its holdings in Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 400 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new position in Alibaba Group in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BABA shares. Robert W. Baird upped their price objective on Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Truist Financial decreased their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Sanford C. Bernstein upped their price objective on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th. Citigroup decreased their price target on Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Loop Capital restated a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.61.

Alibaba Group Stock Up 0.3 %

Shares of NYSE BABA opened at $81.43 on Tuesday. The stock has a market cap of $206.63 billion, a P/E ratio of 18.98, a PEG ratio of 0.41 and a beta of 0.33. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $90.46. The business’s fifty day simple moving average is $79.07 and its 200-day simple moving average is $76.97.

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