Fiduciary Group LLC increased its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 9.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,293 shares of the specialty retailer’s stock after purchasing an additional 108 shares during the period. Fiduciary Group LLC’s holdings in Alibaba Group were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Pacifica Partners Inc. bought a new stake in Alibaba Group during the 4th quarter worth about $26,000. Sugarloaf Wealth Management LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at about $30,000. Nkcfo LLC bought a new stake in shares of Alibaba Group in the 1st quarter valued at about $29,000. Capital Advisors Ltd. LLC raised its holdings in shares of Alibaba Group by 110.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 158 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 83 shares during the period. Finally, Squar Milner Financial Services LLC raised its holdings in shares of Alibaba Group by 111.7% in the 4th quarter. Squar Milner Financial Services LLC now owns 163 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 86 shares during the period. 47.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE BABA traded down $12.46 during trading hours on Friday, hitting $199.70. 51,903,680 shares of the stock were exchanged, compared to its average volume of 21,330,340. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $539.82 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.40 and a beta of 1.60. The company’s fifty day simple moving average is $201.56 and its two-hundred day simple moving average is $203.72. Alibaba Group Holding Ltd has a 1-year low of $147.95 and a 1-year high of $231.14.
Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, May 22nd. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $8.61. The business had revenue of $114.31 billion for the quarter, compared to analyst estimates of $108.31 billion. Alibaba Group had a net margin of 34.90% and a return on equity of 15.82%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the business posted $8.57 EPS. As a group, sell-side analysts expect that Alibaba Group Holding Ltd will post 5.88 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of Alibaba Group from $275.00 to $265.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Mizuho upped their target price on shares of Alibaba Group from $225.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 14th. KeyCorp upped their target price on shares of Alibaba Group from $248.00 to $255.00 in a report on Sunday, April 19th. Argus reissued a “buy” rating and issued a $260.00 price target on shares of Alibaba Group in a report on Thursday, February 20th. Finally, CLSA reissued a “buy” rating and issued a $270.00 price target on shares of Alibaba Group in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $244.32.
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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