Intellectus Partners LLC grew its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,208 shares of the specialty retailer’s stock after purchasing an additional 100 shares during the quarter. Alibaba Group makes up approximately 0.9% of Intellectus Partners LLC’s portfolio, making the stock its 25th biggest position. Intellectus Partners LLC’s holdings in Alibaba Group were worth $2,042,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. lifted its stake in Alibaba Group by 768.2% in the second quarter. Polar Asset Management Partners Inc. now owns 191,000 shares of the specialty retailer’s stock worth $32,365,000 after acquiring an additional 169,000 shares during the period. Beacon Pointe Advisors LLC purchased a new position in Alibaba Group during the second quarter valued at $215,000. Edge Capital Group LLC lifted its position in Alibaba Group by 23.0% during the second quarter. Edge Capital Group LLC now owns 2,800 shares of the specialty retailer’s stock valued at $474,000 after buying an additional 523 shares during the period. Berkshire Capital Holdings Inc. lifted its position in Alibaba Group by 791,300.0% during the second quarter. Berkshire Capital Holdings Inc. now owns 79,140 shares of the specialty retailer’s stock valued at $13,410,000 after buying an additional 79,130 shares during the period. Finally, M Holdings Securities Inc. lifted its position in Alibaba Group by 8.5% during the first quarter. M Holdings Securities Inc. now owns 8,790 shares of the specialty retailer’s stock valued at $1,604,000 after buying an additional 685 shares during the period. 43.42% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on BABA. Royal Bank of Canada set a $210.00 price objective on Alibaba Group and gave the company a “buy” rating in a research report on Monday, August 12th. Macquarie set a $226.00 price objective on Alibaba Group and gave the company a “buy” rating in a research report on Wednesday, June 19th. Goldman Sachs Group set a $236.00 price objective on Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Raymond James reissued a “buy” rating on shares of Alibaba Group in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $223.00.
Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, topping the consensus estimate of $1.13 by $0.32. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The company had revenue of $114.92 billion during the quarter, compared to the consensus estimate of $111.65 billion. During the same period last year, the company earned $1.01 EPS. Alibaba Group’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, research analysts predict that Alibaba Group Holding Ltd will post 5.81 earnings per share for the current fiscal year.
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.
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