Alibaba Group Holding Ltd (NYSE:BABA) is Bollard Group LLC’s 5th Largest Position

Bollard Group LLC increased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,796 shares of the specialty retailer’s stock after purchasing an additional 600 shares during the quarter. Alibaba Group makes up about 1.8% of Bollard Group LLC’s portfolio, making the stock its 5th largest holding. Bollard Group LLC’s holdings in Alibaba Group were worth $38,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lenox Wealth Advisors Inc. increased its position in shares of Alibaba Group by 2,636.4% during the fourth 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. Exane Derivatives increased its position in shares of Alibaba Group by 30.6% during the fourth quarter. Exane Derivatives now owns 6,679 shares of the specialty retailer’s stock worth $1,151,000 after buying an additional 1,564 shares during the period. UBP Investment Advisors SA acquired a new stake in shares of Alibaba Group during the fourth quarter worth $332,000. BB&T Corp increased its position in shares of Alibaba Group by 1.0% during the fourth quarter. BB&T Corp now owns 94,776 shares of the specialty retailer’s stock worth $16,342,000 after buying an additional 921 shares during the period. Finally, Cadinha & Co. LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth $604,000. Hedge funds and other institutional investors own 37.88% of the company’s stock.

Alibaba Group Holding Ltd (BABA) opened at $179.36 on Tuesday. Alibaba Group Holding Ltd has a 12 month low of $100.11 and a 12 month high of $206.20. The firm has a market cap of $459,370.00, a price-to-earnings ratio of 44.07, a price-to-earnings-growth ratio of 1.43 and a beta of 2.58. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The firm had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the business earned $1.30 earnings per share. equities research analysts anticipate that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Bank of America reiterated a “buy” rating and set a $200.00 price objective on shares of Alibaba Group in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a research report on Wednesday, November 8th. Morgan Stanley set a $250.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, KeyCorp increased their target price on shares of Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Alibaba Group has an average rating of “Buy” and an average target price of $211.40.

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Alibaba Group Profile

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.

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

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