US Bancorp DE Has $14.34 Million Position in Alibaba Group Holding Ltd (NYSE:BABA)

US Bancorp DE lifted its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 27.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,137 shares of the specialty retailer’s stock after buying an additional 17,965 shares during the quarter. US Bancorp DE’s holdings in Alibaba Group were worth $14,335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boussard & Gavaudan Investment Management LLP raised its stake in Alibaba Group by 8.3% in the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 12,563,258 shares of the specialty retailer’s stock valued at $2,163,750,000 after buying an additional 964,361 shares during the last quarter. Fisher Asset Management LLC raised its stake in Alibaba Group by 3.7% in the fourth quarter. Fisher Asset Management LLC now owns 10,671,199 shares of the specialty retailer’s stock valued at $1,840,035,000 after buying an additional 383,104 shares during the last quarter. Third Point LLC raised its stake in Alibaba Group by 46.7% in the third quarter. Third Point LLC now owns 6,600,000 shares of the specialty retailer’s stock valued at $1,139,886,000 after buying an additional 2,100,000 shares during the last quarter. Investec Asset Management LTD raised its stake in Alibaba Group by 24.8% in the third quarter. Investec Asset Management LTD now owns 5,293,925 shares of the specialty retailer’s stock valued at $914,314,000 after buying an additional 1,052,394 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Alibaba Group by 1.7% in the third quarter. Janus Henderson Group PLC now owns 4,521,315 shares of the specialty retailer’s stock valued at $780,953,000 after buying an additional 74,690 shares during the last quarter. 37.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alibaba Group Holding Ltd (BABA) traded up $6.56 during trading on Wednesday, reaching $185.81. The company had a trading volume of 15,553,226 shares, compared to its average volume of 23,327,223. Alibaba Group Holding Ltd has a 52-week low of $100.11 and a 52-week high of $206.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $475,090.00, a P/E ratio of 45.77, a price-to-earnings-growth ratio of 1.44 and a beta of 2.58.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Zacks’ 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 business had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. equities analysts predict that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal year.

A number of research firms have commented on BABA. Sanford C. Bernstein reiterated an “outperform” rating and issued a $230.00 price target (up from $205.00) on shares of Alibaba Group in a research note on Monday, February 5th. Raymond James Financial raised their price objective on Alibaba Group to $240.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Deutsche Bank raised their price objective on Alibaba Group to $218.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $217.30 price objective for the company in a research note on Thursday, February 1st. Finally, MKM Partners raised their target price on Alibaba Group to $260.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company. Alibaba Group has an average rating of “Buy” and an average target price of $211.40.

ILLEGAL ACTIVITY NOTICE: “US Bancorp DE Has $14.34 Million Position in Alibaba Group Holding Ltd (NYSE:BABA)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/14/us-bancorp-de-boosts-stake-in-alibaba-group-holding-ltd-baba.html.

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)

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply