Personal Capital Advisors Corp boosted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 101.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,899 shares of the specialty retailer’s stock after buying an additional 1,459 shares during the quarter. Personal Capital Advisors Corp’s holdings in Alibaba Group were worth $397,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Alibaba Group during the 4th quarter worth $38,000. Cohen & Steers Inc. lifted its position in Alibaba Group by 112.6% in the third quarter. Cohen & Steers Inc. now owns 287 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 152 shares during the last quarter. Sound Income Strategies LLC lifted its position in Alibaba Group by 77.5% in the fourth quarter. Sound Income Strategies LLC now owns 394 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 172 shares during the last quarter. Csenge Advisory Group purchased a new stake in Alibaba Group in the third quarter valued at $63,000. Finally, IMS Capital Management acquired a new position in Alibaba Group in the third quarter valued at $82,000. 38.66% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:BABA traded up $0.40 during trading hours on Friday, reaching $167.36. 8,326,716 shares of the company 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 quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a market cap of $428.63 billion, a P/E ratio of 41.53, a P/E/G 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 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $118.52 billion. During the same period in the prior year, the firm posted $1.63 EPS. The firm’s revenue was up 41.3% compared to the same quarter last year. Research analysts forecast that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current fiscal year.
A number of research analysts have commented on the stock. Argus restated a “buy” rating on shares of Alibaba Group in a research note on Friday, February 1st. HSBC boosted their price target on shares of Alibaba Group from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 14th. Nomura dropped their price target on shares of Alibaba Group from $224.00 to $202.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Stifel Nicolaus reiterated a “buy” rating and set a $180.00 price target (up from $175.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Finally, KeyCorp set a $203.00 target price on shares of Alibaba Group and gave the stock an “overweight” rating in a research 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 issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price 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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