Fairfield Bush & CO. decreased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 50.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,015 shares of the specialty retailer’s stock after selling 2,050 shares during the period. Fairfield Bush & CO.’s holdings in Alibaba Group were worth $370,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in shares of Alibaba Group in the fourth quarter valued at $150,000. Grandeur Peak Global Advisors LLC bought a new position in shares of Alibaba Group in the fourth quarter valued at $4,681,000. Northeast Investment Management bought a new position in shares of Alibaba Group in the fourth quarter valued at $1,992,000. Oppenheimer & Co. Inc. increased its holdings in shares of Alibaba Group by 7.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 106,371 shares of the specialty retailer’s stock valued at $18,341,000 after buying an additional 7,015 shares in the last quarter. Finally, Wagner Wealth Management LLC bought a new position in shares of Alibaba Group in the fourth quarter valued at $123,000. 37.80% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. KeyCorp upped their price target on Alibaba Group from $219.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, May 7th. Morgan Stanley set a $250.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Monday, January 29th. Deutsche Bank set a $204.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Thursday, April 5th. Oppenheimer upped their price target on Alibaba Group from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, May 7th. Finally, Benchmark reiterated a “buy” rating and set a $245.00 price objective on shares of Alibaba Group in a research report on Monday, May 7th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and a consensus price target of $216.64.
Alibaba Group stock opened at $195.87 on Wednesday. The firm has a market cap of $506.19 billion, a price-to-earnings ratio of 48.60, a PEG ratio of 1.23 and a beta of 2.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.89 and a quick ratio of 1.97. Alibaba Group Holding Ltd has a fifty-two week low of $121.95 and a fifty-two week high of $206.20.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). The company had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.36 billion. Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. During the same period in the prior year, the company posted $0.63 EPS. equities analysts forecast that Alibaba Group Holding Ltd will post 5.38 earnings per share for the current fiscal 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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