Mycio Wealth Partners LLC Takes Position in Alibaba Group Holding Ltd (NYSE:BABA)

Mycio Wealth Partners LLC purchased a new stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,695 shares of the specialty retailer’s stock, valued at approximately $1,473,000.

Several other hedge funds have also recently modified their holdings of the company. Comerica Securities Inc. grew its holdings in shares of Alibaba Group by 51.9% in the 4th quarter. Comerica Securities Inc. now owns 5,435 shares of the specialty retailer’s stock worth $745,000 after acquiring an additional 1,857 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Alibaba Group by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,818,587 shares of the specialty retailer’s stock worth $386,814,000 after acquiring an additional 35,509 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Alibaba Group by 11.1% in the 4th quarter. Geode Capital Management LLC now owns 2,450,597 shares of the specialty retailer’s stock worth $333,476,000 after acquiring an additional 244,334 shares during the last quarter. USS Investment Management Ltd grew its holdings in shares of Alibaba Group by 10.0% in the 1st quarter. USS Investment Management Ltd now owns 2,373,700 shares of the specialty retailer’s stock worth $433,105,000 after acquiring an additional 216,500 shares during the last quarter. Finally, Pennsylvania Trust Co acquired a new position in shares of Alibaba Group in the 1st quarter worth $2,834,000. Institutional investors own 42.12% of the company’s stock.

NYSE BABA traded down $1.69 during trading on Wednesday, hitting $175.52. 7,198,987 shares of the company traded hands, compared to its average volume of 20,564,710. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72. The business has a fifty day simple moving average of $169.88 and a 200 day simple moving average of $172.84. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $444.25 billion, a P/E ratio of 48.89, a PEG ratio of 1.57 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.32. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The company had revenue of $114.92 billion for the quarter, compared to analyst estimates of $111.65 billion. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue was up 42.0% compared to the same quarter last year. Equities research analysts predict that Alibaba Group Holding Ltd will post 5.04 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the company. Goldman Sachs Group set a $236.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Friday, August 16th. SunTrust Banks reaffirmed a “positive” rating and issued a $210.00 target price (up previously from $205.00) on shares of Alibaba Group in a research report on Thursday, August 15th. TH Capital raised their target price on Alibaba Group from $180.00 to $220.00 in a research report on Monday, May 13th. Mizuho raised their target price on Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Raymond James decreased their target price on Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. One analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $218.96.

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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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