CRA Financial Services LLC reduced its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,165 shares of the specialty retailer’s stock after selling 225 shares during the quarter. Alibaba Group comprises approximately 1.0% of CRA Financial Services LLC’s portfolio, making the stock its 27th biggest holding. CRA Financial Services LLC’s holdings in Alibaba Group were worth $1,490,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Alibaba Group by 7.6% during the third quarter. Bank of New York Mellon Corp now owns 3,025,024 shares of the specialty retailer’s stock worth $498,402,000 after acquiring an additional 213,658 shares during the last quarter. Blue Fin Capital Inc. increased its stake in Alibaba Group by 27.0% during the third quarter. Blue Fin Capital Inc. now owns 8,387 shares of the specialty retailer’s stock worth $1,382,000 after acquiring an additional 1,783 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Alibaba Group during the third quarter worth about $1,526,000. Veritable L.P. increased its stake in Alibaba Group by 17.9% during the third quarter. Veritable L.P. now owns 2,959 shares of the specialty retailer’s stock worth $488,000 after acquiring an additional 449 shares during the last quarter. Finally, Castleark Management LLC increased its stake in Alibaba Group by 100.0% during the third quarter. Castleark Management LLC now owns 12,480 shares of the specialty retailer’s stock worth $2,056,000 after acquiring an additional 6,240 shares during the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.
Several equities research analysts have commented on BABA shares. KeyCorp set a $200.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. HSBC upped their price target on Alibaba Group from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 14th. Macquarie set a $220.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, January 8th. Nomura restated a “buy” rating and set a $205.00 price target (up from $200.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Finally, Citigroup restated a “buy” rating and set a $211.00 price target (up from $208.00) on shares of Alibaba Group in a research note on Thursday, January 31st. One equities research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Alibaba Group has an average rating of “Buy” and an average price target of $211.54.
Shares of BABA opened at $188.91 on Monday. The stock has a market capitalization of $473.76 billion, a P/E ratio of 46.88, a price-to-earnings-growth ratio of 1.29 and a beta of 2.30. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $211.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $10.83. The firm had revenue of $117.28 billion during the quarter, compared to the consensus estimate of $118.52 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. Alibaba Group’s revenue for the quarter was up 41.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 earnings per share. On average, research analysts anticipate that Alibaba Group Holding Ltd will post 3.65 EPS for the current year.
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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.
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