Arthur M. Cohen & Associates LLC grew its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,195 shares of the specialty retailer’s stock after purchasing an additional 195 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in Alibaba Group were worth $534,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Enterprise Trust & Investment Co purchased a new stake in shares of Alibaba Group during the third quarter worth about $27,000. Lee Financial Co increased its position in shares of Alibaba Group by 194.6% during the second quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 109 shares during the last quarter. WealthStone Inc. purchased a new stake in shares of Alibaba Group during the second quarter worth about $29,000. B & T Capital Management DBA Alpha Capital Management purchased a new stake in shares of Alibaba Group during the third quarter worth about $33,000. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Alibaba Group by 100.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 43.50% of the company’s stock.
A number of brokerages have recently issued reports on BABA. 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. Morgan Stanley set a $207.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Friday, September 27th. Vertical Group began coverage on Alibaba Group in a research report on Wednesday, October 23rd. They set a “buy” rating on the stock. Oppenheimer set a $215.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $235.00 target price (up from $230.00) on shares of Alibaba Group in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty-five have assigned a buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $225.78.
Shares of Alibaba Group stock opened at $187.16 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. The firm has a market cap of $476.21 billion, a P/E ratio of 52.13, a P/E/G ratio of 1.23 and a beta of 2.26. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $195.72. The business has a 50-day moving average price of $173.53 and a 200 day moving average price of $170.99.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 1st. The specialty retailer reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.30. The firm had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.72 billion. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. As a group, equities research analysts anticipate that Alibaba Group Holding Ltd will post 5.94 earnings per share 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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