C WorldWide Group Holding A S boosted its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 11.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 963,473 shares of the specialty retailer’s stock after purchasing an additional 97,337 shares during the period. Alibaba Group accounts for 2.0% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 16th biggest holding. C WorldWide Group Holding A S’s holdings in Alibaba Group were worth $161,121,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Enterprise Trust & Investment Co purchased a new position in shares of Alibaba Group during the 3rd quarter valued at $27,000. Lee Financial Co grew its holdings in shares of Alibaba Group by 194.6% during the 2nd quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 109 shares in the last quarter. WealthStone Inc. purchased a new position in shares of Alibaba Group during the 2nd quarter valued at $29,000. B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of Alibaba Group during the 3rd quarter valued at $33,000. Finally, Farmers & Merchants Investments Inc. lifted its stake in shares of Alibaba Group by 100.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 43.50% of the company’s stock.
Several equities research analysts recently issued reports on BABA shares. SunTrust Banks dropped coverage on shares of Alibaba Group in a research note on Friday, November 1st. Goldman Sachs Group set a $236.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, September 24th. Vertical Group started coverage on shares of Alibaba Group in a research note on Wednesday, October 23rd. They issued a “buy” rating for the company. ValuEngine lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, HSBC lifted their price objective on shares of Alibaba Group from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twenty-five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $225.78.
Alibaba Group stock traded up $0.50 on Friday, reaching $187.16. 19,706,373 shares of the stock were exchanged, compared to its average volume of 14,287,848. The stock has a market cap of $476.21 billion, a PE ratio of 52.13, a PEG ratio of 1.23 and a beta of 2.26. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $195.72. The firm has a fifty day moving average price of $173.42 and a two-hundred day moving average price of $170.99.
Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 1st. The specialty retailer reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.30. The firm had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.72 billion. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. Equities analysts anticipate that Alibaba Group Holding Ltd will post 5.94 EPS for the current fiscal year.
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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