UG Investment Advisers Ltd. Has $54.64 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

UG Investment Advisers Ltd. trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 514,922 shares of the specialty retailer’s stock after selling 19,802 shares during the period. Alibaba Group accounts for 20.5% of UG Investment Advisers Ltd.’s investment portfolio, making the stock its biggest position. UG Investment Advisers Ltd.’s holdings in Alibaba Group were worth $54,644,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC raised its position in shares of Alibaba Group by 6.0% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 9,308 shares of the specialty retailer’s stock valued at $988,000 after buying an additional 526 shares in the last quarter. Caas Capital Management LP purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at $1,380,000. WT Asset Management Ltd purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at $14,494,000. Pursue Wealth Partners LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at $419,000. Finally, Focus Financial Network Inc. raised its position in shares of Alibaba Group by 7.2% during the 3rd quarter. Focus Financial Network Inc. now owns 7,544 shares of the specialty retailer’s stock valued at $801,000 after buying an additional 507 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BABA. Morgan Stanley restated an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Bank of America lifted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Jefferies Financial Group reiterated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. Finally, Barclays lifted their target price on shares of Alibaba Group from $107.00 to $137.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $113.13.

Alibaba Group Price Performance

BABA stock opened at $97.57 on Friday. The firm’s 50-day moving average price is $95.62 and its two-hundred day moving average price is $83.99. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The stock has a market capitalization of $233.67 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 0.46 and a beta of 0.35. 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 (NYSE:BABA) last released its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. The firm had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.47 earnings per share. As a group, equities analysts predict that Alibaba Group Holding Limited will post 8.08 earnings per share for the current 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.