AdvisorNet Financial Inc boosted its holdings in shares of Alibaba Group (NYSE:BABA) by 3,502.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,114 shares of the specialty retailer’s stock after buying an additional 8,861 shares during the period. AdvisorNet Financial Inc’s holdings in Alibaba Group were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. E&G Advisors LP boosted its stake in shares of Alibaba Group by 53.8% during the 4th quarter. E&G Advisors LP now owns 2,000 shares of the specialty retailer’s stock worth $345,000 after acquiring an additional 700 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $150,000. Grandeur Peak Global Advisors LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $4,681,000. Northeast Investment Management acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $1,992,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Alibaba Group by 7.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 106,371 shares of the specialty retailer’s stock worth $18,341,000 after buying an additional 7,015 shares in the last quarter. 37.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alibaba Group opened at $198.11 on Thursday, according to Marketbeat. The firm has a market capitalization of $508.75 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 1.24 and a beta of 2.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 1.89. Alibaba Group has a 52 week low of $196.30 and a 52 week high of $199.74.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). The firm had revenue of $9.87 billion during the quarter, compared to the consensus estimate of $9.36 billion. Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. During the same quarter in the previous year, the business posted $0.63 earnings per share. analysts forecast that Alibaba Group will post 5.38 EPS for the current year.
A number of equities analysts have recently issued reports on the company. SunTrust Banks increased their target price on Alibaba Group to $235.00 and gave the stock a “buy” rating in a report on Monday, May 7th. Wells Fargo reissued an “outperform” rating and issued a $220.00 target price on shares of Alibaba Group in a report on Monday, May 7th. Benchmark reissued a “buy” rating and issued a $245.00 target price on shares of Alibaba Group in a report on Monday, May 7th. Stifel Nicolaus increased their target price on Alibaba Group from $260.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, May 7th. Finally, Oppenheimer increased their target price on Alibaba Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, May 7th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $216.01.
About Alibaba Group
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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