Fulcrum Capital LLC lifted its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 8.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,887 shares of the specialty retailer’s stock after purchasing an additional 3,271 shares during the quarter. Alibaba Group comprises about 2.6% of Fulcrum Capital LLC’s investment portfolio, making the stock its 12th largest holding. Fulcrum Capital LLC’s holdings in Alibaba Group were worth $6,572,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of BABA. CENTRAL TRUST Co grew its position in Alibaba Group by 19.8% in the 2nd quarter. CENTRAL TRUST Co now owns 1,815 shares of the specialty retailer’s stock worth $337,000 after purchasing an additional 300 shares during the period. Bremer Trust National Association grew its position in Alibaba Group by 64.5% in the 2nd quarter. Bremer Trust National Association now owns 1,883 shares of the specialty retailer’s stock worth $349,000 after purchasing an additional 738 shares during the period. Confluence Investment Management LLC bought a new stake in Alibaba Group in the 2nd quarter worth approximately $2,147,000. FormulaFolio Investments LLC grew its position in Alibaba Group by 20.0% in the 2nd quarter. FormulaFolio Investments LLC now owns 4,327 shares of the specialty retailer’s stock worth $803,000 after purchasing an additional 720 shares during the period. Finally, Bogart Wealth LLC grew its position in Alibaba Group by 79.3% in the 2nd quarter. Bogart Wealth LLC now owns 1,366 shares of the specialty retailer’s stock worth $253,000 after purchasing an additional 604 shares during the period. Institutional investors and hedge funds own 38.76% of the company’s stock.
Shares of BABA stock opened at $144.85 on Friday. Alibaba Group Holding Ltd has a 1 year low of $130.06 and a 1 year high of $211.70. The company has a quick ratio of 1.44, a current ratio of 1.42 and a debt-to-equity ratio of 0.26. The firm has a market cap of $390.58 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 1.41 and a beta of 2.35.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.19. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. The firm had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The company’s revenue for the quarter was up 49.6% compared to the same quarter last year. On average, sell-side analysts forecast that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current fiscal year.
A number of research firms have commented on BABA. Barclays set a $195.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Sunday, November 4th. Morgan Stanley set a $196.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Monday, November 5th. SunTrust Banks cut their target price on shares of Alibaba Group from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Benchmark cut their target price on shares of Alibaba Group from $220.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, November 5th. Finally, UBS Group cut their target price on shares of Alibaba Group from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. Alibaba Group currently has an average rating of “Buy” and a consensus target price of $216.02.
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Alibaba Group Profile
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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