ClariVest Asset Management LLC boosted its position in Alibaba Group (NYSE:BABA) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,467 shares of the specialty retailer’s stock after purchasing an additional 16,081 shares during the period. Alibaba Group accounts for about 0.9% of ClariVest Asset Management LLC’s portfolio, making the stock its 24th biggest holding. ClariVest Asset Management LLC’s holdings in Alibaba Group were worth $54,414,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. MUFG Americas Holdings Corp acquired a new position in Alibaba Group in the 4th quarter worth about $101,000. Avestar Capital LLC acquired a new position in Alibaba Group in the 4th quarter worth about $102,000. Lenox Wealth Advisors Inc. increased its holdings in Alibaba Group by 2,636.4% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 580 shares in the last quarter. Trustcore Financial Services LLC acquired a new position in Alibaba Group in the 4th quarter worth about $107,000. Finally, Riverhead Capital Management LLC acquired a new position in Alibaba Group in the 1st quarter worth about $110,000. 37.77% of the stock is owned by institutional investors and hedge funds.
Shares of Alibaba Group opened at $196.02 on Friday, Marketbeat Ratings reports. Alibaba Group has a one year low of $196.30 and a one year high of $199.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 1.89. The stock has a market cap of $503.55 billion, a P/E ratio of 48.64, a price-to-earnings-growth ratio of 1.22 and a beta of 2.52.
Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.11). Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. The business had revenue of $9.87 billion for the quarter, compared to the consensus estimate of $9.36 billion. During the same quarter in the previous year, the company earned $0.63 EPS. equities research analysts expect that Alibaba Group will post 5.38 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on BABA shares. Vetr cut Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $213.25 target price for the company. in a report on Tuesday, January 23rd. Oppenheimer reiterated a “buy” rating and issued a $220.00 price target on shares of Alibaba Group in a research report on Wednesday, January 24th. KeyCorp upped their price target on Alibaba Group from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $230.00 price target (up previously from $210.00) on shares of Alibaba Group in a research report on Sunday, January 28th. Finally, SunTrust Banks upped their price target on Alibaba Group from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the stock. Alibaba Group has a consensus rating of “Buy” and an average target price of $216.01.
Alibaba Group 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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