NuWave Investment Management LLC acquired a new stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,716 shares of the specialty retailer’s stock, valued at approximately $469,000.
Other hedge funds have also modified their holdings of the company. First Eagle Investment Management LLC bought a new position in Alibaba Group in the 3rd quarter worth $104,000. Lenox Wealth Advisors Inc. boosted its holdings in Alibaba Group by 2,636.4% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock worth $104,000 after buying an additional 580 shares during the period. Lorber David A bought a new position in Alibaba Group in the 3rd quarter worth $109,000. Highlander Capital Management LLC boosted its holdings in Alibaba Group by 478.0% in the 3rd quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock worth $150,000 after buying an additional 717 shares during the period. Finally, Private Ocean LLC boosted its holdings in Alibaba Group by 100.0% in the 3rd quarter. Private Ocean LLC now owns 1,000 shares of the specialty retailer’s stock worth $172,000 after buying an additional 500 shares during the period. 37.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Alibaba Group Holding Ltd (NYSE:BABA) opened at $177.44 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. Alibaba Group Holding Ltd has a 1 year low of $100.11 and a 1 year high of $206.20. The firm has a market cap of $454,450.00, a PE ratio of 43.38, a P/E/G ratio of 1.43 and a beta of 2.58.
Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. The firm had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the company earned $1.30 earnings per share. equities research analysts predict that Alibaba Group Holding Ltd will post 4.05 earnings per share for the current fiscal year.
BABA has been the topic of several research analyst reports. SunTrust Banks reiterated a “buy” rating and issued a $205.00 price target on shares of Alibaba Group in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research note on Wednesday, November 8th. Needham & Company LLC boosted their price target on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Oppenheimer reiterated a “buy” rating and issued a $220.00 price target (up previously from $200.00) on shares of Alibaba Group in a research note on Monday, November 6th. Finally, BidaskClub upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the stock. Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $211.40.
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About Alibaba Group
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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