Oakworth Capital Inc. grew its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 24.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 745 shares of the specialty retailer’s stock after purchasing an additional 144 shares during the period. Oakworth Capital Inc.’s holdings in Alibaba Group were worth $136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of BABA. Vanguard Group Inc grew its position in Alibaba Group by 2.3% in the third quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after acquiring an additional 849,659 shares during the period. Ipswich Investment Management Co. Inc. purchased a new position in Alibaba Group in the fourth quarter worth approximately $38,000. Personal Capital Advisors Corp grew its position in Alibaba Group by 101.3% in the fourth quarter. Personal Capital Advisors Corp now owns 2,899 shares of the specialty retailer’s stock worth $397,000 after acquiring an additional 1,459 shares during the period. E&G Advisors LP grew its position in Alibaba Group by 4.2% in the fourth quarter. E&G Advisors LP now owns 2,464 shares of the specialty retailer’s stock worth $338,000 after acquiring an additional 100 shares during the period. Finally, Vishria Bird Financial Group LLC purchased a new position in Alibaba Group in the fourth quarter worth approximately $3,196,000. Institutional investors and hedge funds own 40.49% of the company’s stock.
Several brokerages recently weighed in on BABA. Benchmark reiterated a “buy” rating and issued a $220.00 price objective (up from $205.00) on shares of Alibaba Group in a research report on Thursday. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Mizuho increased their price objective on Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their price target on Alibaba Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, SunTrust Banks restated a “buy” rating and set a $200.00 price target on shares of Alibaba Group in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $216.67.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $7.82. The business had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The company’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period last year, the firm earned $5.73 earnings per share. As a group, analysts anticipate that Alibaba Group Holding Ltd will post 4.88 earnings per share for the current 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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