Livingston Group Asset Management CO operating as Southport Capital Management increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 30.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,742 shares of the specialty retailer’s stock after purchasing an additional 402 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Alibaba Group were worth $405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Claudia M.P. Batlle CRP R LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth $25,000. Slow Capital Inc. bought a new position in shares of Alibaba Group during the 3rd quarter valued at about $26,000. CVA Family Office LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at about $29,000. Horan Capital Advisors LLC. purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at about $29,000. Finally, Professional Financial Advisors LLC purchased a new stake in Alibaba Group in the 3rd quarter worth about $33,000. Institutional investors own 40.38% of the company’s stock.

Shares of Alibaba Group stock opened at $235.30 on Thursday. The firm has a fifty day moving average of $250.24 and a two-hundred day moving average of $266.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market cap of $636.64 billion, a P/E ratio of 33.76, a PEG ratio of 1.48 and a beta of 0.99. Alibaba Group Holding Limited has a one year low of $169.95 and a one year high of $319.32.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, November 5th. The specialty retailer reported $17.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $16.28. The business had revenue of $155.06 billion during the quarter, compared to the consensus estimate of $155 billion. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. The business’s revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the firm posted $13.10 EPS. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.88 earnings per share for the current year.

A number of equities analysts have recently commented on BABA shares. KeyCorp raised their target price on shares of Alibaba Group from $330.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Nomura reissued a “buy” rating and set a $338.00 target price on shares of Alibaba Group in a report on Thursday. Truist lifted their price objective on shares of Alibaba Group from $285.00 to $308.00 in a report on Wednesday, September 30th. Benchmark boosted their price target on shares of Alibaba Group from $290.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Finally, Needham & Company LLC boosted their price target on shares of Alibaba Group from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Three analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $318.43.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Further Reading: What sectors are represented in the FTSE 100 index?

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA).

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.