Douglass Winthrop Advisors LLC Acquires New Shares in Alibaba Group Holding Limited (NYSE:BABA)

Douglass Winthrop Advisors LLC bought a new position in Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,100 shares of the specialty retailer’s stock, valued at approximately $329,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after acquiring an additional 121 shares in the last quarter. ICA Group Wealth Management LLC boosted its holdings in Alibaba Group by 14.6% during the second quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 128 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in Alibaba Group by 4.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock valued at $361,000 after purchasing an additional 139 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Alibaba Group by 3.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock valued at $515,000 after buying an additional 143 shares during the last quarter. Finally, Concord Wealth Partners lifted its position in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Trading Up 2.9 %

NYSE BABA opened at $85.58 on Tuesday. The stock has a market capitalization of $204.77 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.41 and a beta of 0.35. The business has a 50 day simple moving average of $98.46 and a 200 day simple moving average of $85.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 EPS. Research analysts expect that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BABA shares. Loop Capital reiterated a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Sanford C. Bernstein lifted their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group 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.