OneDigital Investment Advisors LLC Raises Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

OneDigital Investment Advisors LLC increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 49.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,689 shares of the specialty retailer’s stock after buying an additional 3,885 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Alibaba Group were worth $1,240,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. First Command Advisory Services Inc. purchased a new position in Alibaba Group during the 2nd quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC grew its position in Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Alibaba Group during the second quarter valued at $27,000. Concord Wealth Partners increased its stake in Alibaba Group by 155.0% in 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 during the period. Finally, Highline Wealth Partners LLC bought a new stake in Alibaba Group during the 3rd quarter valued at about $36,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Price Performance

Alibaba Group stock opened at $89.37 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The company’s fifty day moving average price is $98.34 and its 200 day moving average price is $85.77. The stock has a market capitalization of $213.99 billion, a P/E ratio of 18.13, a P/E/G ratio of 0.39 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.

Alibaba Group (NYSE:BABA) last issued its quarterly 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 net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same period last year, the company posted $1.82 EPS. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on BABA. Sanford C. Bernstein raised their price objective on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Bank of America lifted their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Mizuho raised their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird increased their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.53.

About Alibaba Group

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.