Indie Asset Partners LLC increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,987 shares of the specialty retailer’s stock after purchasing an additional 480 shares during the quarter. Indie Asset Partners LLC’s holdings in Alibaba Group were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Claudia M.P. Batlle CRP R LLC bought a new position in Alibaba Group during the 3rd quarter valued at $25,000. Slow Capital Inc. acquired a new stake in shares of Alibaba Group during the third quarter worth $26,000. CVA Family Office LLC acquired a new stake in shares of Alibaba Group during the third quarter worth $29,000. Horan Capital Advisors LLC. acquired a new stake in shares of Alibaba Group during the third quarter worth $29,000. Finally, Professional Financial Advisors LLC acquired a new stake in shares of Alibaba Group during the third quarter worth $33,000. Institutional investors and hedge funds own 40.38% of the company’s stock.
BABA has been the topic of a number of analyst reports. DZ Bank reaffirmed a “buy” rating on shares of Alibaba Group in a report on Thursday, November 5th. UBS Group increased their price objective on shares of Alibaba Group from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, November 6th. KeyCorp dropped their price objective on shares of Alibaba Group from $355.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, January 15th. HSBC increased their price objective on shares of Alibaba Group from $329.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Finally, Zacks Investment Research cut shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $280.00 price objective on the stock. in a report on Thursday, November 12th. Three research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alibaba Group has a consensus rating of “Buy” and an average target price of $321.55.
Alibaba Group (NYSE:BABA) last announced its earnings results on Monday, February 1st. The specialty retailer reported $22.03 EPS for the quarter, topping the consensus estimate of $2.78 by $19.25. The company had revenue of $221.08 billion during the quarter, compared to analysts’ expectations of $214.39 billion. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same period last year, the company posted $18.19 earnings per share. On average, analysts expect that Alibaba Group Holding Limited will post 7.84 earnings per share for the current fiscal year.
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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