FNY Investment Advisers LLC Invests $295,000 in Alibaba Group Holding Limited (NYSE:BABA)

FNY Investment Advisers LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,550 shares of the specialty retailer’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Brookstone Capital Management bought a new position in shares of Alibaba Group during the second quarter worth about $596,000. Cox Capital Mgt LLC boosted its position in Alibaba Group by 1.5% during the 2nd quarter. Cox Capital Mgt LLC now owns 20,385 shares of the specialty retailer’s stock worth $1,699,000 after acquiring an additional 297 shares during the last quarter. Foster Group Inc. grew its stake in shares of Alibaba Group by 9.2% during the 2nd quarter. Foster Group Inc. now owns 4,588 shares of the specialty retailer’s stock worth $382,000 after acquiring an additional 388 shares in the last quarter. Stolper Co raised its holdings in shares of Alibaba Group by 1.8% in the second quarter. Stolper Co now owns 17,104 shares of the specialty retailer’s stock valued at $1,426,000 after purchasing an additional 300 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Alibaba Group by 43.5% in the second quarter. Sound Income Strategies LLC now owns 822 shares of the specialty retailer’s stock worth $69,000 after purchasing an additional 249 shares in the last quarter. 14.22% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Alibaba Group stock traded down $0.93 during trading hours on Friday, reaching $87.07. 10,147,651 shares of the stock were exchanged, compared to its average volume of 20,871,518. The stock has a 50 day moving average of $93.11 and a two-hundred day moving average of $89.58. The company has a market cap of $223.40 billion, a P/E ratio of 18.72 and a beta of 0.70. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.14. Alibaba Group Holding Limited has a twelve month low of $58.01 and a twelve month high of $121.30.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $17.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.59 by $2.78. The business had revenue of $234.16 billion for the quarter, compared to analysts’ expectations of $224.75 billion. Alibaba Group had a net margin of 9.45% and a return on equity of 12.55%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. Equities analysts expect that Alibaba Group Holding Limited will post 8.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BABA. Susquehanna reiterated a “positive” rating and issued a $160.00 price target on shares of Alibaba Group in a research note on Thursday, August 31st. UBS Group upped their target price on Alibaba Group from $110.00 to $120.00 in a report on Friday, August 11th. DZ Bank upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, August 11th. Bank of America upped their price objective on Alibaba Group from $137.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, HSBC raised their target price on shares of Alibaba Group from $131.00 to $142.00 in a research note on Sunday, August 13th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $138.64.

Alibaba Group 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.