Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Arnhold LLC

Arnhold LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 52.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 185,445 shares of the specialty retailer’s stock after purchasing an additional 64,196 shares during the quarter. Alibaba Group accounts for about 1.6% of Arnhold LLC’s investment portfolio, making the stock its 23rd largest holding. Arnhold LLC’s holdings in Alibaba Group were worth $14,374,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC bought a new stake in shares of Alibaba Group during the 3rd quarter valued at about $26,000. Baystate Wealth Management LLC grew its stake in Alibaba Group by 184.6% during the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after buying an additional 216 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Alibaba Group by 116.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 175 shares during the period. First Command Advisory Services Inc. bought a new position in shares of Alibaba Group during the third quarter worth about $30,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter worth about $31,000. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of a number of recent analyst reports. Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $88.50 to $85.40 in a report on Thursday, February 8th. JPMorgan Chase & Co. cut their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. The Goldman Sachs Group lowered their target price on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Wednesday, April 10th. Finally, Barclays lowered their price target on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group Stock Down 2.0 %

Shares of NYSE BABA traded down $1.55 during mid-day trading on Tuesday, reaching $74.86. The company had a trading volume of 12,840,668 shares, compared to its average volume of 17,863,781. The stock has a market capitalization of $189.94 billion, a PE ratio of 13.81 and a beta of 0.47. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The stock’s 50 day moving average is $73.28 and its 200-day moving average is $75.21.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The business had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 EPS. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.