Standard Family Office LLC Buys 85 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Standard Family Office LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 37.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 313 shares of the specialty retailer’s stock after buying an additional 85 shares during the quarter. Standard Family Office LLC’s holdings in Alibaba Group were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of BABA. Camden National Bank raised its stake in shares of Alibaba Group by 56.8% in the fourth quarter. Camden National Bank now owns 27,238 shares of the specialty retailer’s stock worth $6,339,000 after buying an additional 9,866 shares during the period. Trust Co. of Vermont raised its stake in Alibaba Group by 13.8% during the 4th quarter. Trust Co. of Vermont now owns 784 shares of the specialty retailer’s stock valued at $182,000 after purchasing an additional 95 shares during the period. Oak Ridge Investments LLC raised its stake in Alibaba Group by 234.8% during the 4th quarter. Oak Ridge Investments LLC now owns 3,515 shares of the specialty retailer’s stock valued at $818,000 after purchasing an additional 2,465 shares during the period. Mengis Capital Management Inc. raised its stake in Alibaba Group by 37.0% during the 4th quarter. Mengis Capital Management Inc. now owns 1,185 shares of the specialty retailer’s stock valued at $275,000 after purchasing an additional 320 shares during the period. Finally, GSA Capital Partners LLP raised its stake in Alibaba Group by 36.7% during the 4th quarter. GSA Capital Partners LLP now owns 3,520 shares of the specialty retailer’s stock valued at $819,000 after purchasing an additional 945 shares during the period. 33.10% of the stock is currently owned by hedge funds and other institutional investors.

BABA opened at $213.07 on Friday. The firm’s fifty day simple moving average is $223.46. Alibaba Group Holding Limited has a 52-week low of $204.39 and a 52-week high of $319.32. The company has a current ratio of 1.70, a quick ratio of 1.67 and a debt-to-equity ratio of 0.13. The stock has a market cap of $576.49 billion, a PE ratio of 26.24, a P/E/G ratio of 1.30 and a beta of 0.81.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, May 12th. The specialty retailer reported $10.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $8.85. Alibaba Group had a return on equity of 12.95% and a net margin of 20.83%. The company had revenue of $187.40 billion during the quarter, compared to analysts’ expectations of $180.67 billion. During the same quarter in the previous year, the business earned $9.20 EPS. Alibaba Group’s revenue was up 63.9% compared to the same quarter last year. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 9.73 EPS for the current fiscal year.

Several analysts recently issued reports on the company. Needham & Company LLC assumed coverage on Alibaba Group in a research note on Friday, April 9th. They set a “buy” rating and a $330.00 target price on the stock. Truist Financial decreased their target price on Alibaba Group from $316.00 to $330.00 in a research note on Monday, April 19th. Robert W. Baird cut their price target on Alibaba Group from $285.00 to $270.00 and set an “outperform” rating for the company in a report on Friday, May 14th. Benchmark cut their price target on Alibaba Group from $310.00 to $285.00 and set a “buy” rating for the company in a report on Friday, May 14th. Finally, Truist cut their price target on Alibaba Group from $315.00 to $290.00 and set a “buy” rating for the company in a report on Friday, May 14th. Two research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $318.57.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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