Blue Edge Capital LLC Has $1.24 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Blue Edge Capital LLC raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,334 shares of the specialty retailer’s stock after buying an additional 72 shares during the period. Blue Edge Capital LLC’s holdings in Alibaba Group were worth $1,241,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Frisch Financial Group Inc. boosted its stake in shares of Alibaba Group by 1.0% during the 3rd quarter. Frisch Financial Group Inc. now owns 3,862 shares of the specialty retailer’s stock valued at $1,135,000 after buying an additional 40 shares during the period. Rowland Carmichael Advisors Inc. ADV boosted its stake in shares of Alibaba Group by 1.2% during the 3rd quarter. Rowland Carmichael Advisors Inc. ADV now owns 3,536 shares of the specialty retailer’s stock valued at $1,040,000 after buying an additional 41 shares during the period. Hendershot Investments Inc. boosted its stake in shares of Alibaba Group by 2.9% during the 4th quarter. Hendershot Investments Inc. now owns 1,435 shares of the specialty retailer’s stock valued at $334,000 after buying an additional 41 shares during the period. Prio Wealth Limited Partnership raised its holdings in shares of Alibaba Group by 1.6% during the 4th quarter. Prio Wealth Limited Partnership now owns 2,599 shares of the specialty retailer’s stock valued at $605,000 after purchasing an additional 41 shares in the last quarter. Finally, Wade G W & Inc. raised its holdings in shares of Alibaba Group by 2.1% during the 3rd quarter. Wade G W & Inc. now owns 2,139 shares of the specialty retailer’s stock valued at $629,000 after purchasing an additional 43 shares in the last quarter. 40.38% of the stock is owned by institutional investors.

Shares of Alibaba Group stock traded down $5.65 during trading on Tuesday, hitting $248.35. 506,405 shares of the company’s stock traded hands, compared to its average volume of 21,523,230. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.99 and a quick ratio of 1.99. The firm’s fifty day moving average price is $254.14 and its 200 day moving average price is $269.44. Alibaba Group Holding Limited has a twelve month low of $169.95 and a twelve month high of $319.32. The company has a market cap of $671.94 billion, a PE ratio of 36.44, a PEG ratio of 1.59 and a beta of 0.99.

Alibaba Group (NYSE:BABA) last issued its earnings results on Monday, February 1st. The specialty retailer reported $22.03 earnings per share for the quarter, beating the consensus estimate of $2.78 by $19.25. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. The business had revenue of $221.08 billion for the quarter, compared to analyst estimates of $214.39 billion. During the same period in the previous year, the business earned $18.19 EPS. The firm’s revenue was up 36.9% on a year-over-year basis. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.84 earnings per share for the current year.

A number of research analysts have recently weighed in on the stock. Truist raised their price target on shares of Alibaba Group from $308.00 to $326.00 in a report on Friday, January 22nd. UBS Group raised their price target on shares of Alibaba Group from $330.00 to $340.00 and gave the company a “buy” rating in a report on Friday, November 6th. Barclays raised their price target on shares of Alibaba Group from $360.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, November 9th. Oppenheimer lifted their target price on shares of Alibaba Group from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Monday, October 26th. Finally, KeyCorp dropped their target price on shares of Alibaba Group from $355.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, January 15th. Three analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $321.55.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through 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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