ETRADE Capital Management LLC increased its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 29.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,270 shares of the specialty retailer’s stock after purchasing an additional 3,446 shares during the quarter. ETRADE Capital Management LLC’s holdings in Alibaba Group were worth $2,633,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MUFG Americas Holdings Corp purchased a new position in Alibaba Group in the fourth quarter valued at approximately $101,000. First Eagle Investment Management LLC acquired a new stake in shares of Alibaba Group during the third quarter worth approximately $104,000. Lenox Wealth Advisors Inc. grew its position in shares of Alibaba Group by 2,636.4% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock worth $104,000 after buying an additional 580 shares in the last quarter. Trustcore Financial Services LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth approximately $107,000. Finally, Lorber David A acquired a new stake in shares of Alibaba Group during the third quarter worth approximately $109,000. 37.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alibaba Group Holding Ltd (BABA) traded up $4.17 during trading hours on Wednesday, hitting $192.56. The stock had a trading volume of 20,020,000 shares, compared to its average volume of 21,330,000. The firm has a market cap of $493,180.00, a P/E ratio of 47.20, a price-to-earnings-growth ratio of 1.56 and a beta of 2.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. Alibaba Group Holding Ltd has a 12 month low of $102.60 and a 12 month high of $206.20.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The business had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. research analysts predict that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal year.
A number of brokerages recently weighed in on BABA. MKM Partners restated a “buy” rating on shares of Alibaba Group in a research note on Friday, December 15th. Stifel Nicolaus reiterated a “buy” rating on shares of Alibaba Group in a research report on Wednesday, December 13th. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a research note on Monday, December 4th. Vetr cut Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $206.73 price target for the company. in a research note on Friday, November 17th. Finally, Oppenheimer reissued a “buy” rating and issued a $220.00 price target on shares of Alibaba Group in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $211.22.
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Alibaba Group Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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