Gryphon Financial Partners LLC increased its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 6,660.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,042 shares of the specialty retailer’s stock after acquiring an additional 2,997 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Alibaba Group were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Duncker Streett & Co. Inc. lifted its position in Alibaba Group by 195.1% during the second quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 400 shares during the period. Stelac Advisory Services LLC purchased a new position in Alibaba Group during the second quarter valued at $116,000. AlphaMark Advisors LLC lifted its position in Alibaba Group by 468.8% during the third quarter. AlphaMark Advisors LLC now owns 910 shares of the specialty retailer’s stock valued at $150,000 after buying an additional 750 shares during the period. Avestar Capital LLC lifted its position in Alibaba Group by 55.2% during the third quarter. Avestar Capital LLC now owns 1,082 shares of the specialty retailer’s stock valued at $154,000 after buying an additional 385 shares during the period. Finally, Mainstay Capital Management LLC ADV lifted its position in Alibaba Group by 5,724.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 21,607 shares of the specialty retailer’s stock valued at $165,000 after buying an additional 21,236 shares during the period. 38.76% of the stock is owned by institutional investors.
BABA has been the subject of several recent research reports. MKM Partners lowered their price objective on Alibaba Group to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 12th. Zacks Investment Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 8th. HSBC initiated coverage on Alibaba Group in a report on Wednesday, September 12th. They set a “buy” rating for the company. Deutsche Bank set a $189.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Wednesday, October 10th. Finally, Goldman Sachs Group raised their price target on Alibaba Group from $241.00 to $247.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $216.02.
NYSE BABA opened at $144.85 on Friday. Alibaba Group Holding Ltd has a one year low of $130.06 and a one year high of $211.70. The stock has a market capitalization of $381.59 billion, a P/E ratio of 35.94, a price-to-earnings-growth ratio of 1.37 and a beta of 2.35. The company has a quick ratio of 1.44, a current ratio of 1.42 and a debt-to-equity ratio of 0.26.
Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, topping the consensus estimate of $0.82 by $0.19. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The company had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same period last year, the company earned $1.29 EPS. Alibaba Group’s revenue for the quarter was up 49.6% on a year-over-year basis. On average, sell-side analysts expect that Alibaba Group Holding Ltd will post 3.48 EPS for the current 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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