Alibaba Group (BABA) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its stake in shares of Alibaba Group (NYSE:BABA) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,151 shares of the specialty retailer’s stock after purchasing an additional 269 shares during the period. KCM Investment Advisors LLC’s holdings in Alibaba Group were worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BABA. Vicus Capital grew its stake in Alibaba Group by 11.8% during the first quarter. Vicus Capital now owns 2,465 shares of the specialty retailer’s stock worth $452,000 after buying an additional 260 shares during the period. Osborn Williams & Donohoe LLC grew its stake in Alibaba Group by 5.3% during the fourth quarter. Osborn Williams & Donohoe LLC now owns 5,520 shares of the specialty retailer’s stock worth $952,000 after buying an additional 280 shares during the period. North Star Asset Management Inc. grew its stake in Alibaba Group by 1.3% during the fourth quarter. North Star Asset Management Inc. now owns 22,393 shares of the specialty retailer’s stock worth $3,861,000 after buying an additional 284 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Alibaba Group by 7.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,086 shares of the specialty retailer’s stock worth $705,000 after buying an additional 290 shares during the period. Finally, AE Wealth Management LLC grew its stake in Alibaba Group by 13.9% during the fourth quarter. AE Wealth Management LLC now owns 2,467 shares of the specialty retailer’s stock worth $425,000 after buying an additional 301 shares during the period. 37.77% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on BABA. Sanford C. Bernstein restated an “outperform” rating and issued a $230.00 target price (up from $205.00) on shares of Alibaba Group in a research note on Monday, February 5th. Vetr upgraded shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.09 target price for the company in a research note on Monday, February 19th. SunTrust Banks upped their target price on shares of Alibaba Group to $235.00 and gave the company a “buy” rating in a research note on Monday, May 7th. Robert W. Baird upped their target price on shares of Alibaba Group to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Oppenheimer restated a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $216.64.

Shares of NYSE:BABA opened at $195.00 on Friday. The firm has a market cap of $499.43 billion, a price-to-earnings ratio of 48.39, a price-to-earnings-growth ratio of 1.21 and a beta of 2.52. Alibaba Group has a 1-year low of $121.95 and a 1-year high of $206.20. 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 (NYSE:BABA) last issued its earnings results on Friday, May 4th. The specialty retailer reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). The business had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.36 billion. Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. During the same period last year, the company posted $0.63 earnings per share. equities research analysts anticipate that Alibaba Group will post 5.38 EPS for the current year.

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

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