Wealthsource Partners LLC boosted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 63.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,092 shares of the specialty retailer’s stock after buying an additional 810 shares during the quarter. Wealthsource Partners LLC’s holdings in Alibaba Group were worth $287,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Palo Capital Inc. acquired a new stake in shares of Alibaba Group during the 3rd quarter worth $171,000. Kistler Tiffany Companies LLC increased its holdings in Alibaba Group by 10.9% in the 4th 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 in the last quarter. Crestline Management LP acquired a new stake in Alibaba Group in the 3rd quarter valued at $2,142,000. CWM LLC increased its holdings in Alibaba Group by 37.9% in the 3rd quarter. CWM LLC now owns 23,426 shares of the specialty retailer’s stock valued at $3,860,000 after purchasing an additional 6,441 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in Alibaba Group by 14.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,879 shares of the specialty retailer’s stock valued at $1,298,000 after purchasing an additional 1,014 shares in the last quarter. 39.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BABA stock traded down $0.12 during trading hours on Thursday, hitting $170.59. 190,021 shares of the company were exchanged, compared to its average volume of 12,256,065. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $211.70. The stock has a market capitalization of $435.11 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 1.66 and a beta of 2.31.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, topping the consensus estimate of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The business had revenue of $117.28 billion for the quarter, compared to analysts’ expectations of $118.52 billion. During the same quarter last year, the company posted $1.63 earnings per share. The company’s quarterly revenue was up 41.3% compared to the same quarter last year. As a group, research analysts forecast that Alibaba Group Holding Ltd will post 3.65 EPS for the current year.
Several analysts recently issued reports on BABA shares. KeyCorp set a $200.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Wednesday, January 23rd. JPMorgan Chase & Co. lowered their price target on Alibaba Group to $190.00 and set an “overweight” rating for the company in a report on Monday, November 5th. SunTrust Banks lowered their price target on Alibaba Group from $195.00 to $180.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Barclays set a $195.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Monday, November 12th. Finally, Citigroup reiterated a “buy” rating and issued a $211.00 price target (up from $208.00) on shares of Alibaba Group in a report on Thursday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $211.09.
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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