Macquarie Group Ltd. trimmed its position in Alibaba Group (NYSE:BABA) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,272,763 shares of the specialty retailer’s stock after selling 67,557 shares during the quarter. Macquarie Group Ltd. owned 0.09% of Alibaba Group worth $393,812,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp acquired a new stake in Alibaba Group during the 4th quarter valued at approximately $101,000. Avestar Capital LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $102,000. First Eagle Investment Management LLC acquired a new position in shares of Alibaba Group in the 3rd quarter worth approximately $104,000. Lenox Wealth Advisors Inc. grew its position in shares of 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 acquiring an additional 580 shares in the last quarter. Finally, Trustcore Financial Services LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $107,000. Institutional investors own 37.73% of the company’s stock.
Several analysts recently issued reports on BABA shares. Morgan Stanley set a $250.00 price target on Alibaba Group and gave the stock a “buy” rating in a report on Monday, January 29th. KeyCorp raised their price target on Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Nomura reissued a “buy” rating and issued a $219.00 price target (down previously from $221.00) on shares of Alibaba Group in a report on Tuesday, January 9th. Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $217.30 price target on the stock in a report on Thursday, February 1st. Finally, Deutsche Bank lifted their target price on Alibaba Group to $218.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $213.61.
Shares of BABA opened at $167.52 on Friday. Alibaba Group has a 12-month low of $106.76 and a 12-month 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 cap of $441,978.38, a P/E ratio of 66.74, a PEG ratio of 1.00 and a beta of 2.52.
Alibaba Group (NYSE:BABA) last issued 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 firm had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. analysts anticipate that Alibaba Group will post 4.08 EPS for the current fiscal year.
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Alibaba Group Company Profile
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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