Abbrea Capital LLC Grows Stake in Alibaba Group Holding Ltd (BABA)

Abbrea Capital LLC lifted its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 77.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,465 shares of the specialty retailer’s stock after acquiring an additional 1,515 shares during the quarter. Abbrea Capital LLC’s holdings in Alibaba Group were worth $636,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MUFG Americas Holdings Corp acquired a new stake in Alibaba Group during the fourth quarter valued at $101,000. Avestar Capital LLC acquired a new stake in Alibaba Group during the fourth quarter valued at $102,000. Riverhead Capital Management LLC acquired a new stake in Alibaba Group during the first quarter valued at $110,000. Lenox Wealth Advisors Inc. grew its position in Alibaba Group by 2,636.4% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 580 shares during the period. Finally, Trustcore Financial Services LLC acquired a new stake in Alibaba Group during the fourth quarter valued at $107,000. Hedge funds and other institutional investors own 37.80% of the company’s stock.

Alibaba Group opened at $196.80 on Thursday, Marketbeat.com reports. The company has a current ratio of 1.89, a quick ratio of 1.97 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $506.19 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 1.23 and a beta of 2.52. Alibaba Group Holding Ltd has a twelve month low of $121.95 and a twelve month high of $206.20.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, May 4th. The specialty retailer reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.11). The business had revenue of $9.87 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business posted $0.63 earnings per share. research analysts anticipate that Alibaba Group Holding Ltd will post 5.38 earnings per share for the current year.

Several research firms recently commented on BABA. MKM Partners raised their price target on shares of Alibaba Group from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, May 18th. SunTrust Banks raised their price target on shares of Alibaba Group to $235.00 and gave the company a “buy” rating in a research report on Monday, May 7th. Wells Fargo & Co restated an “outperform” rating and set a $220.00 price target on shares of Alibaba Group in a research report on Monday, May 7th. Benchmark restated a “buy” rating and set a $245.00 price target on shares of Alibaba Group in a research report on Monday, May 7th. Finally, Stifel Nicolaus raised their price target on shares of Alibaba Group from $260.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, May 7th. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $219.11.

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.

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

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