Deltec Asset Management LLC lifted its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 24.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,240 shares of the specialty retailer’s stock after purchasing an additional 11,425 shares during the period. Alibaba Group comprises about 2.0% of Deltec Asset Management LLC’s holdings, making the stock its 12th largest position. Deltec Asset Management LLC’s holdings in Alibaba Group were worth $9,870,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Eagle Investment Management LLC acquired a new position in Alibaba Group in the 3rd quarter valued at about $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 valued at $104,000 after purchasing an additional 580 shares in the last quarter. Lorber David A purchased a new stake in Alibaba Group in the 3rd quarter valued at approximately $109,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in Alibaba Group by 29.0% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock valued at $125,000 after purchasing an additional 200 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Alibaba Group by 22.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 37.88% of the company’s stock.
A number of equities research analysts have weighed in on BABA shares. SunTrust Banks reaffirmed a “buy” rating and issued a $205.00 price objective on shares of Alibaba Group in a report on Friday, October 20th. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price objective on the stock in a report on Wednesday, November 8th. Needham & Company LLC lifted their price objective on Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Oppenheimer reaffirmed a “buy” rating and issued a $220.00 price objective (up previously from $200.00) on shares of Alibaba Group in a report on Monday, November 6th. Finally, BidaskClub raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. One research 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 issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $211.40.
Shares of Alibaba Group Holding Ltd (NYSE:BABA) traded up $6.71 during midday trading on Wednesday, reaching $185.96. The company had a trading volume of 16,622,955 shares, compared to its average volume of 23,439,281. Alibaba Group Holding Ltd has a 52-week low of $100.11 and a 52-week high of $206.20. The firm has a market cap of $475,790.00, a P/E ratio of 45.85, a P/E/G ratio of 1.44 and a beta of 2.58. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.29.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The company had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. equities analysts predict that Alibaba Group Holding Ltd will post 4.05 earnings per share for the current fiscal year.
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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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