Keybank National Association OH Acquires 1,122 Shares of Alibaba Group Holding Ltd (NYSE:BABA)

Keybank National Association OH grew its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 8.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,894 shares of the specialty retailer’s stock after purchasing an additional 1,122 shares during the quarter. Keybank National Association OH’s holdings in Alibaba Group were worth $2,323,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cypress Wealth Services LLC lifted its holdings in shares of Alibaba Group by 3.2% in the third quarter. Cypress Wealth Services LLC now owns 1,811 shares of the specialty retailer’s stock worth $303,000 after buying an additional 57 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Alibaba Group by 5.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 1,228 shares of the specialty retailer’s stock worth $205,000 after buying an additional 59 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Alibaba Group by 2.7% in the second quarter. Moneta Group Investment Advisors LLC now owns 2,302 shares of the specialty retailer’s stock worth $390,000 after buying an additional 60 shares in the last quarter. Pegasus Asset Management Inc. lifted its holdings in shares of Alibaba Group by 0.8% in the third quarter. Pegasus Asset Management Inc. now owns 7,959 shares of the specialty retailer’s stock worth $1,331,000 after buying an additional 62 shares in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its holdings in shares of Alibaba Group by 1.4% in the second quarter. Joel Isaacson & Co. LLC now owns 4,691 shares of the specialty retailer’s stock worth $795,000 after buying an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 43.50% of the company’s stock.

Shares of Alibaba Group stock traded up $0.50 on Friday, hitting $187.16. The stock had a trading volume of 19,462,817 shares, compared to its average volume of 15,878,246. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $195.72. The stock has a market cap of $476.21 billion, a price-to-earnings ratio of 52.13, a PEG ratio of 1.23 and a beta of 2.26. The stock’s 50-day simple moving average is $173.53 and its two-hundred day simple moving average is $170.99.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 1st. The specialty retailer reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.30. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. The firm had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.72 billion. As a group, equities analysts predict that Alibaba Group Holding Ltd will post 5.94 EPS for the current fiscal year.

BABA has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $210.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Monday, August 12th. Daiwa Capital Markets reaffirmed a “buy” rating on shares of Alibaba Group in a research note on Tuesday, October 22nd. Robert W. Baird set a $200.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group initiated coverage on shares of Alibaba Group in a research note on Monday, August 5th. They issued a “buy” rating and a $216.00 target price on the stock. Finally, Nomura set a $215.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have given a buy rating to the company. Alibaba Group has a consensus rating of “Buy” and an average price target of $225.78.

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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