Integrated Investment Consultants LLC boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 25.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,549 shares of the specialty retailer’s stock after purchasing an additional 509 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Alibaba Group were worth $749,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BABA. State Street Corp grew its holdings in shares of Alibaba Group by 6.7% during the first quarter. State Street Corp now owns 37,975,313 shares of the specialty retailer’s stock valued at $7,385,439,000 after buying an additional 2,368,050 shares during the last quarter. Morgan Stanley grew its holdings in shares of Alibaba Group by 31.9% during the first quarter. Morgan Stanley now owns 18,356,646 shares of the specialty retailer’s stock valued at $3,569,998,000 after buying an additional 4,443,526 shares during the last quarter. AXA grew its holdings in shares of Alibaba Group by 1.7% during the first quarter. AXA now owns 1,938,635 shares of the specialty retailer’s stock valued at $377,026,000 after buying an additional 31,575 shares during the last quarter. Modus Advisors LLC grew its holdings in shares of Alibaba Group by 53.9% during the second quarter. Modus Advisors LLC now owns 2,611 shares of the specialty retailer’s stock valued at $563,000 after buying an additional 914 shares during the last quarter. Finally, Red Spruce Capital LLC grew its holdings in shares of Alibaba Group by 3.6% during the second quarter. Red Spruce Capital LLC now owns 8,842 shares of the specialty retailer’s stock valued at $1,907,000 after buying an additional 305 shares during the last quarter. Institutional investors and hedge funds own 46.02% of the company’s stock.

BABA has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Alibaba Group from $275.00 to $325.00 and gave the company an “outperform” rating in a research report on Wednesday, September 30th. China Renaissance Securities raised their price target on shares of Alibaba Group from $315.00 to $355.00 in a research report on Tuesday, October 13th. Mizuho raised their price target on shares of Alibaba Group from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. 140166 raised their price target on shares of Alibaba Group from $275.00 to $350.00 in a research report on Monday, August 24th. Finally, Truist raised their price target on shares of Alibaba Group from $285.00 to $308.00 in a research report on Wednesday, September 30th. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alibaba Group currently has a consensus rating of “Buy” and an average target price of $297.83.

NYSE:BABA traded down $7.78 during mid-day trading on Wednesday, hitting $309.36. 610,304 shares of the stock traded hands, compared to its average volume of 16,600,340. The business’s 50-day moving average price is $288.34 and its 200 day moving average price is $245.67. The company has a market cap of $858.07 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 2.10 and a beta of 1.50. Alibaba Group Holding Limited has a 12-month low of $169.95 and a 12-month high of $319.32. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.13.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 20th. The specialty retailer reported $14.82 EPS for the quarter, beating the consensus estimate of $1.54 by $13.28. The company had revenue of $153.75 billion during the quarter, compared to analysts’ expectations of $147.30 billion. Alibaba Group had a net margin of 31.96% and a return on equity of 14.13%. Alibaba Group’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $12.55 earnings per share. Analysts anticipate that Alibaba Group Holding Limited will post 7.58 earnings per share for the current fiscal year.

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.

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

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