Burns J W & Co. Inc. NY boosted its position in Alibaba Group Holding Ltd (NYSE:BABA) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,815 shares of the specialty retailer’s stock after acquiring an additional 300 shares during the period. Burns J W & Co. Inc. NY’s holdings in Alibaba Group were worth $1,474,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. USS Investment Management Ltd lifted its stake in Alibaba Group by 10.0% in the first quarter. USS Investment Management Ltd now owns 2,373,700 shares of the specialty retailer’s stock valued at $433,105,000 after buying an additional 216,500 shares during the period. Interactive Financial Advisors acquired a new position in Alibaba Group in the first quarter valued at about $9,103,000. Buckingham Capital Management Inc. lifted its stake in Alibaba Group by 56.2% in the first quarter. Buckingham Capital Management Inc. now owns 8,316 shares of the specialty retailer’s stock valued at $1,517,000 after buying an additional 2,993 shares during the period. Fiera Capital Corp lifted its stake in Alibaba Group by 7.9% in the first quarter. Fiera Capital Corp now owns 625,269 shares of the specialty retailer’s stock valued at $114,080,000 after buying an additional 45,989 shares during the period. Finally, State of Wisconsin Investment Board acquired a new position in Alibaba Group in the first quarter valued at about $10,931,000. Institutional investors and hedge funds own 43.42% of the company’s stock.
Shares of NYSE:BABA traded up $6.69 during mid-day trading on Friday, reaching $172.76. 1,478,992 shares of the stock were exchanged, compared to its average volume of 13,419,962. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The company has a market cap of $422.55 billion, a P/E ratio of 48.21, a P/E/G ratio of 0.99 and a beta of 2.27. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $195.72. The stock’s 50 day simple moving average is $172.69 and its 200-day simple moving average is $172.12.
Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.32. The business had revenue of $114.92 billion during the quarter, compared to the consensus estimate of $111.65 billion. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. Alibaba Group’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. Analysts anticipate that Alibaba Group Holding Ltd will post 5.81 EPS for the current fiscal year.
A number of research firms have recently commented on BABA. HSBC raised their price target on Alibaba Group from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Macquarie set a $226.00 price target on Alibaba Group and gave the stock a “buy” rating in a research report on Wednesday, June 19th. Goldman Sachs Group set a $236.00 price target on Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Jefferies Financial Group began coverage on Alibaba Group in a research report on Monday, August 5th. They set a “buy” rating and a $216.00 price target on the stock. Finally, Morgan Stanley set a $207.00 price target on Alibaba Group and gave the stock a “buy” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Alibaba Group currently has a consensus rating of “Buy” and a consensus target price of $223.00.
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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