Global Retirement Partners LLC boosted its position in Alibaba Group Holding Ltd (NYSE:BABA) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,921 shares of the specialty retailer’s stock after purchasing an additional 358 shares during the period. Global Retirement Partners LLC’s holdings in Alibaba Group were worth $400,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of BABA. Norway Savings Bank boosted its holdings in Alibaba Group by 640.0% in the fourth quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. Archford Capital Strategies LLC lifted its holdings in shares of Alibaba Group by 80.4% in the fourth quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Sontag Advisory LLC bought a new position in shares of Alibaba Group in the fourth quarter valued at approximately $27,000. Capital Financial Planning LLC bought a new position in shares of Alibaba Group in the fourth quarter valued at approximately $29,000. Finally, Baystate Wealth Management LLC bought a new position in shares of Alibaba Group in the fourth quarter valued at approximately $31,000. 40.27% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on BABA. Zacks Investment Research downgraded Alibaba Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Barclays increased their price target on Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Robert W. Baird increased their price target on Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. Morgan Stanley set a $196.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Alibaba Group has a consensus rating of “Buy” and a consensus price target of $211.54.
Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $10.83. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The company had revenue of $117.28 billion during the quarter, compared to analyst estimates of $118.52 billion. During the same quarter in the previous year, the company posted $1.63 EPS. Alibaba Group’s revenue for the quarter was up 41.3% on a year-over-year basis. As a group, research analysts expect that Alibaba Group Holding Ltd will post 3.68 EPS for the current fiscal 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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