Boussard & Gavaudan Investment Management LLP bought a new stake in Alibaba Group Holding Ltd (NYSE:BABA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,278 shares of the specialty retailer’s stock, valued at approximately $237,726,000. Alibaba Group comprises approximately 45.1% of Boussard & Gavaudan Investment Management LLP’s holdings, making the stock its largest holding.
Several other institutional investors and hedge funds have also made changes to their positions in BABA. Nkcfo LLC purchased a new position in Alibaba Group in the 1st quarter valued at $29,000. Baystate Wealth Management LLC purchased a new position in Alibaba Group during the first quarter worth about $34,000. Capital Square LLC acquired a new stake in Alibaba Group in the first quarter valued at about $41,000. MBE Wealth Management LLC purchased a new stake in Alibaba Group in the 1st quarter valued at approximately $41,000. Finally, Engrave Wealth Partners LLC acquired a new position in Alibaba Group during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 47.22% of the company’s stock.
Alibaba Group stock opened at $257.68 on Thursday. Alibaba Group Holding Ltd has a 52 week low of $151.85 and a 52 week high of $241.30. The company has a current ratio of 1.91, a quick ratio of 1.75 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $216.60 and its two-hundred day moving average price is $209.38. The stock has a market cap of $655.64 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.90 and a beta of 1.56.
Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, May 22nd. The specialty retailer reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $8.61. Alibaba Group had a net margin of 29.16% and a return on equity of 14.56%. The company had revenue of $114.31 billion during the quarter, compared to analyst estimates of $108.31 billion. During the same period in the prior year, the firm earned $8.57 earnings per share. The business’s quarterly revenue was up 22.3% on a year-over-year basis. Research analysts expect that Alibaba Group Holding Ltd will post 6.94 earnings per share for the current fiscal year.
A number of equities research analysts have commented on BABA shares. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating and set a $219.00 target price for the company. in a report on Thursday, April 16th. Bank of America reaffirmed a “buy” rating and issued a $241.00 target price (down from $250.00) on shares of Alibaba Group in a report on Tuesday, May 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Alibaba Group in a research note on Tuesday, April 14th. Susquehanna Bancshares boosted their target price on Alibaba Group from $260.00 to $275.00 in a research report on Tuesday, May 26th. Finally, Cfra cut their price target on Alibaba Group from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Three analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alibaba Group currently has an average rating of “Buy” and an average price target of $247.13.
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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