Alibaba Group Holding Ltd (NYSE:BABA) is Wellington Shields & Co. LLC’s 7th Largest Position

Wellington Shields & Co. LLC raised its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 618.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,340 shares of the specialty retailer’s stock after buying an additional 8,040 shares during the quarter. Alibaba Group comprises approximately 2.4% of Wellington Shields & Co. LLC’s portfolio, making the stock its 7th biggest position. Wellington Shields & Co. LLC’s holdings in Alibaba Group were worth $1,562,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BABA. Buckingham Capital Management Inc. increased its holdings in shares of Alibaba Group by 56.2% during the first quarter. Buckingham Capital Management Inc. now owns 8,316 shares of the specialty retailer’s stock valued at $1,517,000 after acquiring an additional 2,993 shares in the last quarter. Private Asset Management Inc. increased its holdings in shares of Alibaba Group by 4.9% during the second quarter. Private Asset Management Inc. now owns 33,884 shares of the specialty retailer’s stock valued at $5,742,000 after acquiring an additional 1,574 shares in the last quarter. Fulton Bank N.A. increased its holdings in shares of Alibaba Group by 24.1% during the second quarter. Fulton Bank N.A. now owns 1,695 shares of the specialty retailer’s stock valued at $287,000 after acquiring an additional 329 shares in the last quarter. Flossbach von Storch AG Zurich increased its holdings in shares of Alibaba Group by 147.3% during the second quarter. Flossbach von Storch AG Zurich now owns 35,175 shares of the specialty retailer’s stock valued at $5,960,000 after acquiring an additional 20,950 shares in the last quarter. Finally, WINTON GROUP Ltd increased its holdings in shares of Alibaba Group by 23.3% during the second quarter. WINTON GROUP Ltd now owns 1,892 shares of the specialty retailer’s stock valued at $321,000 after acquiring an additional 357 shares in the last quarter. Hedge funds and other institutional investors own 43.50% of the company’s stock.

Several brokerages have recently weighed in on BABA. Vertical Group began coverage on Alibaba Group in a report on Wednesday, October 23rd. They set a “buy” rating for the company. Jefferies Financial Group began coverage on Alibaba Group in a report on Monday, August 5th. They set a “buy” rating and a $216.00 price target for the company. Royal Bank of Canada set a $210.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Monday, August 12th. Nomura set a $215.00 price objective on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Oppenheimer set a $215.00 price objective on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $225.78.

NYSE BABA traded down $0.45 during trading hours on Monday, hitting $186.71. The company’s stock had a trading volume of 20,559,660 shares, compared to its average volume of 15,899,754. The company’s 50 day simple moving average is $173.77 and its two-hundred day simple moving average is $171.00. The company has a market cap of $474.00 billion, a P/E ratio of 52.01, a price-to-earnings-growth ratio of 1.23 and a beta of 2.26. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.38.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 1st. The specialty retailer reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.30. The business had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.72 billion. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. As a group, research analysts predict that Alibaba Group Holding Ltd will post 5.94 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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