Capital Asset Advisory Services LLC Raises Stock Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Capital Asset Advisory Services LLC lifted its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 9.4% in the third quarter, HoldingsChannel.com reports. The fund owned 1,962 shares of the specialty retailer’s stock after acquiring an additional 169 shares during the period. Capital Asset Advisory Services LLC’s holdings in Alibaba Group were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of BABA. Invesco Ltd. increased its position in shares of Alibaba Group by 204.2% during the second quarter. Invesco Ltd. now owns 32,935,629 shares of the specialty retailer’s stock valued at $5,580,942,000 after acquiring an additional 22,110,348 shares during the last quarter. BlackRock Inc. increased its position in shares of Alibaba Group by 9.5% during the second quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock valued at $13,307,578,000 after acquiring an additional 6,830,518 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Alibaba Group by 9.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 65,655,896 shares of the specialty retailer’s stock valued at $11,125,391,000 after acquiring an additional 5,932,300 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Alibaba Group by 7,972.5% during the second quarter. Nuveen Asset Management LLC now owns 4,418,892 shares of the specialty retailer’s stock valued at $748,781,000 after acquiring an additional 4,364,152 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its position in shares of Alibaba Group by 17,466.5% during the second quarter. Thoroughbred Financial Services LLC now owns 4,207,884 shares of the specialty retailer’s stock valued at $420,788,000 after acquiring an additional 4,183,930 shares during the last quarter. 43.42% of the stock is owned by institutional investors.

BABA has been the subject of a number of recent research reports. SunTrust Banks reissued a “buy” rating and issued a $210.00 target price on shares of Alibaba Group in a research report on Tuesday, September 24th. Royal Bank of Canada set a $210.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Monday, August 12th. Stifel Nicolaus set a $225.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, September 24th. KeyCorp set a $245.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, Jefferies Financial Group initiated coverage on Alibaba Group in a research report on Monday, August 5th. They issued a “buy” rating and a $216.00 target price for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and twenty-five have issued a buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and an average price target of $221.64.

Shares of NYSE BABA traded up $2.83 during mid-day trading on Thursday, hitting $168.02. The company had a trading volume of 2,779,908 shares, compared to its average volume of 13,114,894. The company has a market capitalization of $425.90 billion, a price-to-earnings ratio of 46.80, a P/E/G ratio of 1.03 and a beta of 2.27. Alibaba Group Holding Ltd has a 1 year low of $129.77 and a 1 year high of $195.72. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $172.93 and its 200-day moving average price is $172.18.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.32. The company had revenue of $114.92 billion during the quarter, compared to analysts’ expectations of $111.65 billion. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. As a group, equities research analysts forecast that Alibaba Group Holding Ltd will post 5.81 earnings per share for the current year.

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

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