Trustcore Financial Services LLC bought a new stake in Alibaba Group Holding Ltd (NYSE:BABA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 618 shares of the specialty retailer’s stock, valued at approximately $107,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. MUFG Americas Holdings Corp purchased a new position in shares of Alibaba Group in the fourth quarter worth about $101,000. First Eagle Investment Management LLC purchased a new position in Alibaba Group during the third quarter worth about $104,000. Lenox Wealth Advisors Inc. raised its stake in 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 purchasing an additional 580 shares during the period. Lorber David A purchased a new position in Alibaba Group during the third quarter worth about $109,000. Finally, Highlander Capital Management LLC raised its stake in Alibaba Group by 478.0% during the third quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 717 shares during the period. Institutional investors and hedge funds own 38.13% of the company’s stock.
A number of brokerages have commented on BABA. Stifel Nicolaus reaffirmed a “buy” rating and set a $230.00 target price (up from $210.00) on shares of Alibaba Group in a research note on Sunday, January 28th. SunTrust Banks lifted their target price on shares of Alibaba Group from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. 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. KeyCorp boosted their price target on shares of Alibaba Group from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Finally, Oppenheimer reissued a “buy” rating and issued a $220.00 price target on shares of Alibaba Group in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $211.13.
Shares of Alibaba Group Holding Ltd (BABA) opened at $188.82 on Thursday. The company has a market cap of $483,600.00, a PE ratio of 46.51, a P/E/G ratio of 1.52 and a beta of 2.58. Alibaba Group Holding Ltd has a 12 month low of $101.30 and a 12 month high of $206.20. 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 issued its quarterly earnings data 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). The business had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same period in the previous year, the company posted $1.30 earnings per share. equities analysts anticipate that Alibaba Group Holding Ltd will post 4.05 earnings per share for the current year.
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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.
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