Hantz Financial Services Inc. Boosts Position in Alibaba Group Holding Limited (NYSE:BABA)

Hantz Financial Services Inc. lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 10.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,454 shares of the specialty retailer’s stock after acquiring an additional 3,554 shares during the quarter. Hantz Financial Services Inc.’s holdings in Alibaba Group were worth $3,975,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atria Investments Inc raised its position in shares of Alibaba Group by 22.7% in the 1st quarter. Atria Investments Inc now owns 35,967 shares of the specialty retailer’s stock worth $2,603,000 after acquiring an additional 6,665 shares in the last quarter. Cetera Investment Advisers lifted its position in Alibaba Group by 249.0% during the first quarter. Cetera Investment Advisers now owns 98,849 shares of the specialty retailer’s stock valued at $7,153,000 after buying an additional 70,526 shares during the period. Cetera Advisors LLC boosted its holdings in shares of Alibaba Group by 90.1% during the 1st quarter. Cetera Advisors LLC now owns 38,492 shares of the specialty retailer’s stock valued at $2,785,000 after buying an additional 18,243 shares in the last quarter. Boston Partners boosted its holdings in shares of Alibaba Group by 101.7% during the 1st quarter. Boston Partners now owns 29,375 shares of the specialty retailer’s stock valued at $2,126,000 after buying an additional 14,808 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Alibaba Group by 264.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 91,906 shares of the specialty retailer’s stock worth $6,626,000 after acquiring an additional 66,661 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

NYSE BABA opened at $87.37 on Friday. The stock has a market capitalization of $209.05 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 0.43 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 company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The business’s fifty day moving average price is $98.45 and its 200-day moving average price is $86.08.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter in the prior year, the company earned $1.82 earnings per share. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts predict that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Analysts Set New Price Targets

BABA has been the topic of several research reports. Benchmark reissued a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. Bank of America increased their target price on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Truist Financial dropped their price target on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, Susquehanna reduced their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.07.

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.