Burns J W & Co. Inc. NY boosted its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,815 shares of the specialty retailer’s stock after buying an additional 300 shares during the period. Burns J W & Co. Inc. NY’s holdings in Alibaba Group were worth $1,474,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Alibaba Group by 9.5% in the 2nd quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock valued at $13,307,578,000 after buying an additional 6,830,518 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Alibaba Group by 9.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 65,655,896 shares of the specialty retailer’s stock worth $11,125,391,000 after purchasing an additional 5,932,300 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Alibaba Group by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 43,961,866 shares of the specialty retailer’s stock worth $7,449,339,000 after purchasing an additional 641,497 shares during the last quarter. Invesco Ltd. lifted its holdings in Alibaba Group by 204.2% in the 2nd quarter. Invesco Ltd. now owns 32,935,629 shares of the specialty retailer’s stock worth $5,580,942,000 after purchasing an additional 22,110,348 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Alibaba Group by 7.5% in the 2nd quarter. Schroder Investment Management Group now owns 24,523,571 shares of the specialty retailer’s stock worth $4,155,519,000 after purchasing an additional 1,711,439 shares during the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.
Shares of BABA stock traded up $6.69 during trading hours on Friday, reaching $172.76. 1,478,992 shares of the company’s stock were exchanged, compared to its average volume of 13,419,962. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $195.72. The stock has a market capitalization of $422.55 billion, a P/E ratio of 48.21, a P/E/G ratio of 0.99 and a beta of 2.27. The business has a fifty day moving average price of $172.69 and a 200-day moving average price of $172.12. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18.
Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.32. The business had revenue of $114.92 billion during the quarter, compared to analyst estimates of $111.65 billion. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. Alibaba Group’s revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. As a group, research analysts expect that Alibaba Group Holding Ltd will post 5.81 EPS for the current fiscal year.
Several equities research analysts recently weighed in on BABA shares. HSBC boosted their target price on Alibaba Group from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Oppenheimer set a $215.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, September 17th. Stifel Nicolaus set a $225.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, September 24th. Jefferies Financial Group started coverage on Alibaba Group in a report on Monday, August 5th. They issued a “buy” rating and a $216.00 target price for the company. Finally, Raymond James restated a “buy” rating on shares of Alibaba Group in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-four have assigned a buy rating to the company. Alibaba Group currently has an average rating of “Buy” and an average target price of $223.00.
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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