Delek Group Ltd. boosted its position in Alibaba Group Holding Ltd (NYSE:BABA) by 250.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,163 shares of the specialty retailer’s stock after buying an additional 6,545 shares during the quarter. Delek Group Ltd.’s holdings in Alibaba Group were worth $1,366,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Kistler Tiffany Companies LLC grew its holdings in shares of Alibaba Group by 10.9% during the fourth quarter. Kistler Tiffany Companies LLC now owns 5,480 shares of the specialty retailer’s stock valued at $751,000 after purchasing an additional 538 shares during the last quarter. Crestline Management LP acquired a new position in shares of Alibaba Group during the third quarter worth approximately $2,142,000. Sunbelt Securities Inc. boosted its position in shares of Alibaba Group by 14.8% during the third quarter. Sunbelt Securities Inc. now owns 7,879 shares of the specialty retailer’s stock worth $1,298,000 after buying an additional 1,014 shares during the period. X Square Capital LLC boosted its position in shares of Alibaba Group by 13.3% during the third quarter. X Square Capital LLC now owns 10,338 shares of the specialty retailer’s stock worth $1,703,000 after buying an additional 1,211 shares during the period. Finally, Charles Lim Capital Ltd boosted its position in shares of Alibaba Group by 21.6% during the third quarter. Charles Lim Capital Ltd now owns 367,012 shares of the specialty retailer’s stock worth $60,469,000 after buying an additional 65,258 shares during the period. 39.79% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $180.00 price objective (up from $175.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Barclays reiterated an “overweight” rating and set a $200.00 price objective (up from $195.00) on shares of Alibaba Group in a research report on Thursday, January 31st. ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Finally, Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Alibaba Group in a research report on Monday, January 14th. One investment analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $211.07.
BABA opened at $180.97 on Friday. The company has a market capitalization of $463.49 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 1.76 and a beta of 2.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.25. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $211.70.
Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $10.83. The firm had revenue of $117.28 billion during the quarter, compared to the consensus estimate of $118.52 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The firm’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 earnings per share. On average, analysts predict that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal year.
About Alibaba Group
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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