Krueger & Catalano Capital Partners LLC increased its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 19.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,181 shares of the specialty retailer’s stock after acquiring an additional 1,023 shares during the quarter. Krueger & Catalano Capital Partners LLC’s holdings in Alibaba Group were worth $1,047,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of BABA. Farmers National Bank acquired a new position in Alibaba Group in the 1st quarter valued at $25,000. Cribstone Capital Management LLC acquired a new position in Alibaba Group in the 1st quarter valued at $27,000. Manchester Capital Management LLC grew its holdings in Alibaba Group by 171.4% in the 1st quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 96 shares in the last quarter. Truvestments Capital LLC acquired a new position in Alibaba Group in the 1st quarter valued at $34,000. Finally, Motco grew its holdings in Alibaba Group by 1,557.1% in the 1st quarter. Motco now owns 232 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 218 shares in the last quarter. 40.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of BABA stock opened at $165.65 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $195.72. The company has a market cap of $442.98 billion, a P/E ratio of 46.14, a P/E/G ratio of 1.27 and a beta of 2.30. The stock’s fifty day simple moving average is $170.57.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, topping the consensus estimate of $0.75 by $7.82. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The business had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. During the same period in the prior year, the company earned $5.73 EPS. Alibaba Group’s revenue for the quarter was up 51.0% on a year-over-year basis. On average, analysts anticipate that Alibaba Group Holding Ltd will post 5.12 EPS for the current year.
BABA has been the topic of a number of research reports. Mizuho upped their price objective on Alibaba Group from $215.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Friday, July 12th. SunTrust Banks reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. Macquarie set a $226.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Wednesday, June 19th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $240.00 price objective (up from $210.00) on shares of Alibaba Group in a report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $217.70.
About Alibaba Group
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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