Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Princeton Global Asset Management LLC


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Princeton Global Asset Management LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,907 shares of the specialty retailer’s stock after purchasing an additional 2,151 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Alibaba Group were worth $2,771,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Frisch Financial Group Inc. boosted its position in Alibaba Group by 1.0% during the 3rd quarter. Frisch Financial Group Inc. now owns 3,862 shares of the specialty retailer’s stock worth $1,135,000 after acquiring an additional 40 shares during the period. Rowland Carmichael Advisors Inc. ADV lifted its holdings in shares of Alibaba Group by 1.2% in the third quarter. Rowland Carmichael Advisors Inc. ADV now owns 3,536 shares of the specialty retailer’s stock valued at $1,040,000 after buying an additional 41 shares during the period. Hendershot Investments Inc. lifted its holdings in shares of Alibaba Group by 2.9% in the fourth quarter. Hendershot Investments Inc. now owns 1,435 shares of the specialty retailer’s stock valued at $334,000 after buying an additional 41 shares during the period. Prio Wealth Limited Partnership lifted its holdings in shares of Alibaba Group by 1.6% in the fourth quarter. Prio Wealth Limited Partnership now owns 2,599 shares of the specialty retailer’s stock valued at $605,000 after buying an additional 41 shares during the period. Finally, Wade G W & Inc. lifted its holdings in shares of Alibaba Group by 2.1% in the third quarter. Wade G W & Inc. now owns 2,139 shares of the specialty retailer’s stock valued at $629,000 after buying an additional 43 shares during the period. 40.38% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on BABA shares. UBS Group upped their price objective on Alibaba Group from $330.00 to $340.00 and gave the company a “buy” rating in a report on Friday, November 6th. Citigroup boosted their target price on Alibaba Group from $316.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Raymond James boosted their target price on Alibaba Group from $330.00 to $350.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, February 3rd. Sanford C. Bernstein assumed coverage on Alibaba Group in a research report on Monday, January 25th. They set a “market perform” rating on the stock. Finally, DZ Bank reaffirmed a “buy” rating on shares of Alibaba Group in a research report on Thursday, November 5th. Three research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $321.55.

NYSE BABA traded down $5.53 on Tuesday, reaching $248.47. The stock had a trading volume of 309,861 shares, compared to its average volume of 21,523,230. The business has a 50 day moving average price of $254.14 and a 200 day moving average price of $269.44. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 1 year low of $169.95 and a 1 year high of $319.32. The company has a market capitalization of $672.27 billion, a price-to-earnings ratio of 36.44, a P/E/G ratio of 1.59 and a beta of 0.99.

Alibaba Group (NYSE:BABA) last issued its earnings results on Monday, February 1st. The specialty retailer reported $22.03 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $19.25. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The firm had revenue of $221.08 billion for the quarter, compared to the consensus estimate of $214.39 billion. During the same quarter in the previous year, the company posted $18.19 earnings per share. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.84 earnings per share for the current fiscal year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through 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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