Kistler Tiffany Companies LLC lifted its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,480 shares of the specialty retailer’s stock after buying an additional 538 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Alibaba Group were worth $751,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Waverton Investment Management Ltd raised its stake in Alibaba Group by 35.5% during the 4th quarter. Waverton Investment Management Ltd now owns 30,910 shares of the specialty retailer’s stock valued at $4,237,000 after acquiring an additional 8,098 shares in the last quarter. Trinity Street Asset Management LLP raised its stake in Alibaba Group by 12.2% during the 4th quarter. Trinity Street Asset Management LLP now owns 453,436 shares of the specialty retailer’s stock valued at $62,152,000 after acquiring an additional 49,300 shares in the last quarter. Edge Wealth Management LLC raised its stake in Alibaba Group by 48.4% during the 4th quarter. Edge Wealth Management LLC now owns 3,435 shares of the specialty retailer’s stock valued at $471,000 after acquiring an additional 1,120 shares in the last quarter. YHB Investment Advisors Inc. raised its stake in Alibaba Group by 2.8% during the 4th quarter. YHB Investment Advisors Inc. now owns 6,286 shares of the specialty retailer’s stock valued at $862,000 after acquiring an additional 170 shares in the last quarter. Finally, Sound Income Strategies LLC raised its stake in Alibaba Group by 77.5% during the 4th quarter. Sound Income Strategies LLC now owns 394 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 38.62% of the company’s stock.
Shares of Alibaba Group stock traded down $1.56 on Monday, reaching $149.76. 8,093,091 shares of the company were exchanged, compared to its average volume of 17,100,059. The firm has a market capitalization of $389.09 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 1.40 and a beta of 2.24. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.26. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $211.70.
Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.19. The company had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.51 billion. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. Alibaba Group’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 earnings per share. Analysts expect that Alibaba Group Holding Ltd will post 3.48 EPS for the current year.
Several brokerages have weighed in on BABA. Nomura cut their target price on Alibaba Group from $224.00 to $202.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. KeyCorp set a $203.00 price objective on Alibaba Group and gave the stock an “overweight” rating in a research note on Monday, November 5th. ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Raymond James dropped their price objective on Alibaba Group from $280.00 to $260.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, October 10th. Finally, UBS Group set a $220.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research note on Friday, October 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $213.35.
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Alibaba Group Company 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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