Collaborative Fund Advisors LLC Makes New $651,000 Investment in Alibaba Group Holding Limited $BABA

Collaborative Fund Advisors LLC bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) during the third quarter, HoldingsChannel reports. The fund bought 6,057 shares of the specialty retailer’s stock, valued at approximately $651,000.

A number of other institutional investors also recently made changes to their positions in BABA. Continuum Advisory LLC purchased a new stake in Alibaba Group during the 2nd quarter worth about $28,000. GK Wealth Management LLC purchased a new position in Alibaba Group in the 3rd quarter valued at about $32,000. Latitude Advisors LLC purchased a new position in Alibaba Group in the 3rd quarter valued at about $43,000. Global Assets Advisory LLC purchased a new position in Alibaba Group in the 1st quarter valued at about $56,000. Finally, Anchor Investment Management LLC boosted its stake in shares of Alibaba Group by 28.2% during the 1st quarter. Anchor Investment Management LLC now owns 545 shares of the specialty retailer’s stock worth $68,000 after purchasing an additional 120 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alibaba Group news, insider Fang Jiang sold 885,272 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $13.55, for a total transaction of $11,995,435.60. Following the completion of the sale, the insider directly owned 4,679,097 shares in the company, valued at $63,401,764.35. The trade was a 15.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Siying Yu sold 6,764 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $13.58, for a total transaction of $91,855.12. Following the completion of the sale, the general counsel directly owned 613,965 shares of the company’s stock, valued at $8,337,644.70. The trade was a 1.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 999,971 shares of company stock worth $13,563,304. 12.50% of the stock is owned by insiders.

Alibaba Group News Roundup

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Trading Up 5.0%

BABA stock opened at $105.35 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.21. The company has a market cap of $262.08 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 1.31 and a beta of 0.44. The business has a fifty day simple moving average of $108.65 and a 200-day simple moving average of $125.60. Alibaba Group Holding Limited has a 52 week low of $91.99 and a 52 week high of $181.10.

Alibaba Group (NYSE:BABA – Get Free Report) last issued its earnings results on Friday, August 14th. The specialty retailer reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.68). Alibaba Group had a net margin of 7.00% and a return on equity of 4.79%. The firm had revenue of $39.64 billion during the quarter, compared to analyst estimates of $39.52 billion. During the same quarter in the previous year, the business posted $14.75 EPS. Alibaba Group’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Alibaba Group Holding Limited will post 5.76 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of Alibaba Group from $164.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 21st. Barclays lifted their target price on shares of Alibaba Group from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. HSBC set a $170.00 price target on Alibaba Group in a research note on Thursday, July 9th. Benchmark restated a “buy” rating on shares of Alibaba Group in a report on Thursday, August 20th. Finally, Citigroup increased their target price on Alibaba Group from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.89.

Read Our Latest Report on BABA

Alibaba Group Profile

(Free Report)

Alibaba Group Holding Limited is a technology and commerce company founded in 1999 and headquartered in Hangzhou, China. It operates a broad digital ecosystem that connects consumers, merchants, brands and businesses through online marketplaces, technology platforms and related services.

The company’s China commerce businesses include Taobao, a consumer-focused marketplace, and Tmall, which enables brands and retailers to sell directly to consumers. Alibaba also operates 1688, a business-to-business wholesale marketplace.

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

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