Alibaba Group Holding Ltd (BABA) Holdings Lifted by Leavell Investment Management Inc.

Leavell Investment Management Inc. boosted its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 11.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,351 shares of the specialty retailer’s stock after buying an additional 334 shares during the quarter. Leavell Investment Management Inc.’s holdings in Alibaba Group were worth $611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Shine Investment Advisory Services Inc. boosted its stake in shares of Alibaba Group by 77.3% during the first quarter. Shine Investment Advisory Services Inc. now owns 1,697 shares of the specialty retailer’s stock valued at $310,000 after purchasing an additional 740 shares during the period. Means Investment CO. Inc. boosted its stake in shares of Alibaba Group by 0.7% during the first quarter. Means Investment CO. Inc. now owns 17,163 shares of the specialty retailer’s stock valued at $3,131,000 after purchasing an additional 116 shares during the period. Quattro Financial Advisors LLC boosted its stake in shares of Alibaba Group by 4.6% during the first quarter. Quattro Financial Advisors LLC now owns 43,024 shares of the specialty retailer’s stock valued at $7,722,000 after purchasing an additional 1,897 shares during the period. Pennsylvania Trust Co purchased a new stake in shares of Alibaba Group during the first quarter valued at $2,834,000. Finally, Northstar Group Inc. boosted its stake in shares of Alibaba Group by 7.0% during the first quarter. Northstar Group Inc. now owns 3,420 shares of the specialty retailer’s stock valued at $624,000 after purchasing an additional 225 shares during the period. 40.27% of the stock is owned by institutional investors.

Several research firms recently weighed in on BABA. Zacks Investment Research downgraded Alibaba Group from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays boosted their target price on shares of Alibaba Group from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday. Robert W. Baird boosted their target price on shares of Alibaba Group from $178.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. Morgan Stanley set a $196.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, March 26th. Finally, ValuEngine upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $211.54.

Shares of BABA stock opened at $185.78 on Wednesday. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $211.70. The stock has a market cap of $468.87 billion, a PE ratio of 46.10, a price-to-earnings-growth ratio of 1.57 and a beta of 2.30. 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 (NYSE:BABA) last issued its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $10.83. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The business had revenue of $117.28 billion for the quarter, compared to analyst estimates of $118.52 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The company’s revenue was up 41.3% on a year-over-year basis. Sell-side analysts predict that Alibaba Group Holding Ltd will post 3.65 EPS for the current year.

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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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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