Public Employees Retirement Association of Colorado Purchases 1,000 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Public Employees Retirement Association of Colorado increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 363,910 shares of the specialty retailer’s stock after buying an additional 1,000 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Alibaba Group were worth $82,528,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BABA. Logan Capital Management Inc. acquired a new position in shares of Alibaba Group during the 1st quarter valued at $29,000. Delos Wealth Advisors LLC bought a new stake in Alibaba Group in the second quarter valued at $29,000. Sageworth Trust Co acquired a new position in shares of Alibaba Group during the first quarter valued at about $43,000. Financial Management Professionals Inc. raised its holdings in shares of Alibaba Group by 314.6% during the second quarter. Financial Management Professionals Inc. now owns 199 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 151 shares during the period. Finally, Cowen Prime Advisors LLC bought a new position in shares of Alibaba Group during the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 24.48% of the company’s stock.

Shares of BABA traded down $1.08 during trading hours on Thursday, hitting $166.32. The company’s stock had a trading volume of 403,852 shares, compared to its average volume of 20,175,994. The company has a market cap of $452.09 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.31 and a beta of 0.79. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.76 and a quick ratio of 1.76. The business has a 50 day simple moving average of $165.26 and a two-hundred day simple moving average of $199.57. Alibaba Group Holding Limited has a 52-week low of $138.43 and a 52-week high of $319.32.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Monday, August 2nd. The specialty retailer reported $16.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $14.86. Alibaba Group had a net margin of 19.25% and a return on equity of 12.92%. The company had revenue of $205.74 billion during the quarter, compared to the consensus estimate of $208.67 billion. During the same period last year, the firm earned $14.82 EPS. Alibaba Group’s revenue for the quarter was up 33.8% on a year-over-year basis. Research analysts predict that Alibaba Group Holding Limited will post 8.3 earnings per share for the current year.

BABA has been the topic of several recent research reports. Benchmark increased their price target on Alibaba Group from $270.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, September 28th. KGI Securities began coverage on Alibaba Group in a report on Monday, September 6th. They issued a “neutral” rating on the stock. CLSA decreased their price target on shares of Alibaba Group from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday, August 4th. Needham & Company LLC started coverage on Alibaba Group in a research note on Wednesday, July 7th. They set a “buy” rating and a $330.00 price target for the company. Finally, HSBC cut their target price on Alibaba Group from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, August 4th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, Alibaba Group has a consensus rating of “Buy” and a consensus target price of $280.44.

Alibaba Group Company Profile

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale.

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

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