Hilltop Holdings Inc. Has $318,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Hilltop Holdings Inc. lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 45.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,999 shares of the specialty retailer’s stock after selling 2,541 shares during the quarter. Hilltop Holdings Inc.’s holdings in Alibaba Group were worth $318,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. lifted its position in shares of Alibaba Group by 315.7% in the second quarter. Mather Group LLC. now owns 636 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 483 shares in the last quarter. CWM LLC lifted its position in Alibaba Group by 32.1% during the 2nd quarter. CWM LLC now owns 13,392 shares of the specialty retailer’s stock worth $964,000 after buying an additional 3,254 shares in the last quarter. Simplicity Wealth LLC boosted its stake in shares of Alibaba Group by 23.1% during the 2nd quarter. Simplicity Wealth LLC now owns 10,383 shares of the specialty retailer’s stock worth $748,000 after buying an additional 1,951 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Alibaba Group by 2.1% in the 2nd quarter. QRG Capital Management Inc. now owns 35,735 shares of the specialty retailer’s stock valued at $2,573,000 after acquiring an additional 744 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of Alibaba Group in the second quarter valued at about $213,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $85.93 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $205.61 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 0.42 and a beta of 0.30. The stock’s fifty day moving average price is $97.09 and its two-hundred day moving average price is $86.05. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Alibaba Group’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 earnings per share. On average, equities analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BABA. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Morgan Stanley reissued an “equal weight” rating and issued a $90.00 target price on shares of Alibaba Group in a research note on Friday, August 23rd. Susquehanna dropped their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. StockNews.com raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Truist Financial dropped their target price on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

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.