Alibaba Group Holding Ltd (NYSE:BABA) Shares Bought by Cigna Investments Inc. New

Cigna Investments Inc. New increased its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,032 shares of the specialty retailer’s stock after purchasing an additional 830 shares during the quarter. Alibaba Group accounts for about 1.0% of Cigna Investments Inc. New’s holdings, making the stock its 16th largest holding. Cigna Investments Inc. New’s holdings in Alibaba Group were worth $7,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacifica Partners Inc. acquired a new position in Alibaba Group in the 4th quarter worth about $26,000. Sugarloaf Wealth Management LLC acquired a new position in shares of Alibaba Group during the fourth quarter valued at approximately $30,000. Nkcfo LLC acquired a new position in shares of Alibaba Group during the first quarter valued at approximately $29,000. Capital Advisors Ltd. LLC raised its holdings in shares of Alibaba Group by 110.7% during the fourth quarter. Capital Advisors Ltd. LLC now owns 158 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 83 shares during the last quarter. Finally, Squar Milner Financial Services LLC raised its holdings in shares of Alibaba Group by 111.7% during the fourth quarter. Squar Milner Financial Services LLC now owns 163 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 86 shares during the last quarter. 47.92% of the stock is owned by institutional investors.

BABA has been the subject of a number of research analyst reports. Raymond James reduced their target price on Alibaba Group from $310.00 to $290.00 and set a “strong-buy” rating for the company in a report on Friday, April 17th. ValuEngine raised Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Stifel Nicolaus cut their price target on Alibaba Group from $240.00 to $230.00 in a report on Friday, February 14th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alibaba Group in a report on Thursday. Finally, Zacks Investment Research cut Alibaba Group from a “buy” rating to a “hold” rating and set a $219.00 price target for the company. in a report on Thursday, April 16th. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and an average price target of $244.32.

Shares of BABA traded down $12.46 during midday trading on Friday, hitting $199.70. 51,903,680 shares of the stock were exchanged, compared to its average volume of 21,330,340. Alibaba Group Holding Ltd has a 52-week low of $147.95 and a 52-week high of $231.14. The stock has a fifty day simple moving average of $201.56 and a 200 day simple moving average of $203.72. The firm has a market cap of $539.82 billion, a P/E ratio of 21.47, a P/E/G ratio of 1.40 and a beta of 1.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 1.75.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, May 22nd. The specialty retailer reported $9.20 EPS for the quarter, topping the consensus estimate of $0.59 by $8.61. Alibaba Group had a return on equity of 15.82% and a net margin of 34.90%. The business had revenue of $114.31 billion during the quarter, compared to analyst estimates of $108.31 billion. During the same period last year, the business posted $8.57 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. As a group, equities research analysts forecast that Alibaba Group Holding Ltd will post 5.88 EPS for the current fiscal year.

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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