Stamos Capital Partners L.P. lifted its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 51.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,700 shares of the specialty retailer's stock after buying an additional 14,120 shares during the period. Stamos Capital Partners L.P.'s holdings in Alibaba Group were worth $3,536,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Foundations Investment Advisors LLC grew its stake in shares of Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock worth $13,180,000 after acquiring an additional 27,088 shares during the period. Berkshire Asset Management LLC PA bought a new stake in Alibaba Group in the 4th quarter worth approximately $911,000. Exchange Traded Concepts LLC raised its stake in Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock valued at $6,343,000 after buying an additional 42,446 shares during the last quarter. Bailard Inc. lifted its holdings in shares of Alibaba Group by 46.3% during the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock valued at $869,000 after buying an additional 3,242 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in shares of Alibaba Group by 31.3% in the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer's stock worth $1,566,000 after buying an additional 4,397 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.
Wall Street Analyst Weigh In
BABA has been the subject of a number of research reports. Benchmark upped their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Robert W. Baird boosted their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $150.36.
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Alibaba Group Price Performance
BABA stock traded down $1.66 during midday trading on Tuesday, hitting $112.31. The company's stock had a trading volume of 15,586,952 shares, compared to its average volume of 20,585,119. The firm has a market capitalization of $266.77 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $148.43. The company has a 50 day moving average of $127.13 and a two-hundred day moving average of $104.74.
Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.
Alibaba Group Company Profile
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Free Report)
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
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