Columbia Partners L.L.C. Investment Management Takes Position in Alibaba Group Holding Ltd (BABA)

Columbia Partners L.L.C. Investment Management bought a new stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 13,552 shares of the specialty retailer’s stock, valued at approximately $2,232,000.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its position in shares of Alibaba Group by 3.4% during the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock valued at $11,708,501,000 after acquiring an additional 2,077,793 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Alibaba Group by 1.4% during the 3rd quarter. Baillie Gifford & Co. now owns 45,321,627 shares of the specialty retailer’s stock valued at $7,467,191,000 after acquiring an additional 619,951 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Alibaba Group by 1.5% in the 2nd quarter. Schroder Investment Management Group now owns 22,559,519 shares of the specialty retailer’s stock valued at $4,249,763,000 after buying an additional 328,861 shares in the last quarter. Morgan Stanley increased its position in shares of Alibaba Group by 8.4% in the 2nd quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock valued at $2,963,007,000 after buying an additional 1,235,562 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of Alibaba Group by 8.1% in the 2nd quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock valued at $2,927,474,000 after buying an additional 1,182,927 shares in the last quarter. Institutional investors own 38.68% of the company’s stock.

A number of research firms recently commented on BABA. Barclays lowered their price objective on shares of Alibaba Group from $230.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, August 27th. Robert W. Baird lowered their price objective on shares of Alibaba Group from $220.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 24th. JPMorgan Chase & Co. lowered their price objective on shares of Alibaba Group from $230.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 24th. Raymond James lowered their price objective on shares of Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 16th. Finally, Jefferies Financial Group lowered their price objective on shares of Alibaba Group to $225.00 and set a “buy” rating for the company in a research report on Friday, August 24th. One research analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $214.05.

Shares of NYSE BABA opened at $160.86 on Monday. The firm has a market capitalization of $411.99 billion, a P/E ratio of 39.92, a P/E/G ratio of 1.48 and a beta of 2.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.42 and a quick ratio of 1.42. Alibaba Group Holding Ltd has a 1-year low of $130.06 and a 1-year high of $211.70.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.19. The firm had revenue of $12.40 billion during 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 company’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 EPS. Sell-side analysts expect that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current year.

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Alibaba Group Company 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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