Modus Advisors LLC Buys 725 Shares of Alibaba Group Holding Limited (NYSE:BABA)


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Modus Advisors LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 7.5% during the 1st quarter, HoldingsChannel reports. The firm owned 10,438 shares of the specialty retailer’s stock after acquiring an additional 725 shares during the quarter. Alibaba Group makes up approximately 1.1% of Modus Advisors LLC’s holdings, making the stock its 29th biggest holding. Modus Advisors LLC’s holdings in Alibaba Group were worth $2,367,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Claudia M.P. Batlle CRP R LLC bought a new stake in Alibaba Group during the 3rd quarter worth approximately $25,000. Meeder Asset Management Inc. grew its position in Alibaba Group by 62.9% during the 4th quarter. Meeder Asset Management Inc. now owns 114 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 44 shares during the last quarter. Inspire Advisors LLC bought a new stake in Alibaba Group during the 4th quarter worth approximately $27,000. BNC Wealth Management LLC bought a new stake in Alibaba Group during the 3rd quarter worth approximately $37,000. Finally, Planned Solutions Inc. grew its position in Alibaba Group by 66.7% during the 4th quarter. Planned Solutions Inc. now owns 125 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 40.38% of the company’s stock.

A number of equities research analysts recently commented on BABA shares. Macquarie restated an “outperform” rating and set a $407.00 price target (down from $421.00) on shares of Alibaba Group in a research report on Thursday, April 1st. Mizuho increased their price objective on Alibaba Group from $270.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Alibaba Group from $360.00 to $319.00 and set a “buy” rating on the stock in a research report on Tuesday, January 26th. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating and set a $239.00 price objective on the stock in a research report on Tuesday, March 30th. Finally, Truist increased their price objective on Alibaba Group from $326.00 to $330.00 in a research report on Friday, March 19th. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $321.00.

Alibaba Group stock traded up $1.70 during mid-day trading on Thursday, hitting $227.12. 204,063 shares of the company’s stock were exchanged, compared to its average volume of 19,171,783. The firm has a market capitalization of $614.50 billion, a P/E ratio of 32.34, a PEG ratio of 1.59 and a beta of 0.99. Alibaba Group Holding Limited has a fifty-two week low of $189.53 and a fifty-two week high of $319.32. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.12. The company’s 50 day simple moving average is $237.68 and its 200-day simple moving average is $261.24.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Monday, February 1st. The specialty retailer reported $22.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $19.25. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The business had revenue of $221.08 billion for the quarter, compared to the consensus estimate of $214.39 billion. During the same quarter last year, the business posted $18.19 EPS. The firm’s revenue was up 36.9% compared to the same quarter last year. Research analysts expect that Alibaba Group Holding Limited will post 7.84 EPS for the current year.

About Alibaba Group

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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