GVO Asset Management Ltd Boosts Position in Alibaba Group Holding Ltd (BABA)

GVO Asset Management Ltd boosted its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 16.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,880 shares of the specialty retailer’s stock after acquiring an additional 13,150 shares during the period. Alibaba Group accounts for 5.2% of GVO Asset Management Ltd’s holdings, making the stock its 9th biggest position. GVO Asset Management Ltd’s holdings in Alibaba Group were worth $14,973,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. CENTRAL TRUST Co increased its stake in Alibaba Group by 19.8% during the 2nd quarter. CENTRAL TRUST Co now owns 1,815 shares of the specialty retailer’s stock valued at $337,000 after purchasing an additional 300 shares in the last quarter. Bremer Trust National Association increased its stake in Alibaba Group by 64.5% during the 2nd quarter. Bremer Trust National Association now owns 1,883 shares of the specialty retailer’s stock valued at $349,000 after purchasing an additional 738 shares in the last quarter. Confluence Investment Management LLC acquired a new position in Alibaba Group during the 2nd quarter valued at approximately $2,147,000. FormulaFolio Investments LLC increased its stake in Alibaba Group by 20.0% during the 2nd quarter. FormulaFolio Investments LLC now owns 4,327 shares of the specialty retailer’s stock valued at $803,000 after purchasing an additional 720 shares in the last quarter. Finally, Bogart Wealth LLC increased its stake in Alibaba Group by 79.3% during the 2nd quarter. Bogart Wealth LLC now owns 1,366 shares of the specialty retailer’s stock valued at $253,000 after purchasing an additional 604 shares in the last quarter. 38.76% of the stock is owned by institutional investors.

A number of research analysts have issued reports on the stock. Barclays set a $195.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a research note on Sunday, November 4th. Morgan Stanley set a $196.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a research note on Monday, November 5th. SunTrust Banks cut their price target on shares of Alibaba Group from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Benchmark cut their price target on shares of Alibaba Group from $220.00 to $205.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Finally, UBS Group cut their price objective on shares of Alibaba Group from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $216.02.

NYSE:BABA opened at $144.85 on Friday. The firm has a market capitalization 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 Holding Ltd has a 1-year low of $130.06 and a 1-year high of $211.70. The company has a current ratio of 1.42, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.19. The company had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.51 billion. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. The firm’s revenue was up 49.6% on a year-over-year basis. During the same quarter last year, the business earned $1.29 earnings per share. Research analysts predict that Alibaba Group Holding Ltd will post 3.48 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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