E&G Advisors LP Bought 100 Shares of Alibaba Group Holding Ltd (BABA)

E&G Advisors LP Bought 100 Shares of Alibaba Group Holding Ltd (BABA)

E&G Advisors LP raised its position in Alibaba Group Holding Ltd (NYSE:BABA) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,464 shares of the specialty retailer’s stock after buying an additional 100 shares during the period. E&G Advisors LP’s holdings in Alibaba Group were worth $338,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BABA. James Hambro & Partners lifted its position in shares of Alibaba Group by 4.4% during the fourth quarter. James Hambro & Partners now owns 13,156 shares of the specialty retailer’s stock worth $1,803,000 after purchasing an additional 556 shares during the last quarter. New Silk Road Investment PTE Ltd. lifted its holdings in Alibaba Group by 0.4% in the fourth quarter. New Silk Road Investment PTE Ltd. now owns 679,832 shares of the specialty retailer’s stock worth $93,185,000 after acquiring an additional 2,500 shares during the last quarter. Patten & Patten Inc. TN lifted its holdings in Alibaba Group by 29.0% in the fourth quarter. Patten & Patten Inc. TN now owns 2,469 shares of the specialty retailer’s stock worth $338,000 after acquiring an additional 555 shares during the last quarter. Oak Asset Management LLC lifted its holdings in Alibaba Group by 1.0% in the fourth quarter. Oak Asset Management LLC now owns 12,732 shares of the specialty retailer’s stock worth $1,745,000 after acquiring an additional 125 shares during the last quarter. Finally, TB Alternative Assets Ltd. lifted its holdings in Alibaba Group by 63.9% in the fourth quarter. TB Alternative Assets Ltd. now owns 252,964 shares of the specialty retailer’s stock worth $34,674,000 after acquiring an additional 98,600 shares during the last quarter. 38.66% of the stock is owned by institutional investors.

NYSE BABA traded up $0.40 on Friday, hitting $167.36. 8,326,716 shares of the stock were exchanged, compared to its average volume of 14,414,851. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $211.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $428.63 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 1.63 and a beta of 2.31.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share 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 firm had revenue of $117.28 billion for the quarter, compared to analysts’ expectations of $118.52 billion. During the same period in the previous year, the company posted $1.63 EPS. The company’s quarterly revenue was up 41.3% compared to the same quarter last year. On average, research analysts forecast that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. Argus reissued a “buy” rating on shares of Alibaba Group in a report on Friday, February 1st. HSBC boosted their target price on Alibaba Group from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 14th. Nomura dropped their target price on Alibaba Group from $224.00 to $202.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Stifel Nicolaus reissued a “buy” rating and set a $180.00 target price (up previously from $175.00) on shares of Alibaba Group in a report on Thursday, January 31st. Finally, KeyCorp set a $203.00 target price on Alibaba Group and gave the stock an “overweight” rating in a report on Monday, November 5th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $211.09.

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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