Regal Partners Ltd Invests $1.91 Million in Alibaba Group Holding Limited (NYSE:BABA)

Regal Partners Ltd bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, HoldingsChannel reports. The fund bought 18,032 shares of the specialty retailer’s stock, valued at approximately $1,914,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BABA. First Command Advisory Services Inc. bought a new position in shares of Alibaba Group in the 2nd quarter valued at $25,000. GPS Wealth Strategies Group LLC grew its position in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group during the second quarter worth about $27,000. Concord Wealth Partners lifted its holdings in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $36,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $91.99 on Thursday. 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 company has a market capitalization of $220.31 billion, a P/E ratio of 24.08, a P/E/G ratio of 0.41 and a beta of 0.35. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The business has a fifty day simple moving average of $97.68 and a two-hundred day simple moving average of $85.39.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. During the same period in the prior year, the company posted $2.47 EPS. Alibaba Group’s revenue was up 3.9% compared to the same quarter last year. On average, analysts expect that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BABA shares. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a research report on Friday, August 23rd. Loop Capital reaffirmed a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. Benchmark restated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, August 16th. Finally, Barclays raised their price target on shares of Alibaba Group from $107.00 to $137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.53.

Alibaba Group Company 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.