Alibaba Group Holding Limited (BABA) is Fisher Asset Management LLC’s 7th Largest Position

Fisher Asset Management LLC boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 87.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,318,873 shares of the specialty retailer’s stock after buying an additional 4,813,431 shares during the period. Alibaba Group Holding Limited makes up approximately 2.2% of Fisher Asset Management LLC’s portfolio, making the stock its 7th largest position. Fisher Asset Management LLC owned approximately 0.41% of Alibaba Group Holding Limited worth $1,453,929,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BABA. West Oak Capital LLC raised its stake in shares of Alibaba Group Holding Limited by 81.0% in the second quarter. West Oak Capital LLC now owns 950 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 425 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Alibaba Group Holding Limited during the first quarter valued at about $107,000. Webster Bank N. A. raised its stake in shares of Alibaba Group Holding Limited by 25.0% in the first quarter. Webster Bank N. A. now owns 1,175 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 235 shares in the last quarter. WFG Advisors LP raised its stake in shares of Alibaba Group Holding Limited by 5.3% in the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 59 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its stake in shares of Alibaba Group Holding Limited by 10.1% in the first quarter. Thompson Davis & CO. Inc. now owns 1,360 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 125 shares in the last quarter. 36.75% of the stock is owned by institutional investors and hedge funds.

Shares of Alibaba Group Holding Limited (BABA) opened at 151.70 on Friday. The firm has a 50-day moving average price of $149.81 and a 200-day moving average price of $122.49. The company has a market cap of $383.80 billion, a P/E ratio of 60.03 and a beta of 2.64. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $160.39.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.01. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same quarter last year, the business earned $0.47 EPS. On average, equities analysts expect that Alibaba Group Holding Limited will post $4.64 EPS for the current year.

Alibaba Group Holding Limited announced that its board has approved a stock repurchase plan on Thursday, May 18th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: “Alibaba Group Holding Limited (BABA) is Fisher Asset Management LLC’s 7th Largest Position” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.com-unik.info/2017/08/12/fisher-asset-management-llc-boosts-position-in-alibaba-group-holding-limited-baba-updated-updated.html.

Several brokerages have issued reports on BABA. Stifel Nicolaus reaffirmed a “buy” rating and issued a $139.00 target price on shares of Alibaba Group Holding Limited in a research note on Friday, June 9th. BidaskClub raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Benchmark Co. increased their price objective on Alibaba Group Holding Limited from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, June 12th. Needham & Company LLC increased their price objective on Alibaba Group Holding Limited from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, June 8th. Finally, Robert W. Baird raised their price target on Alibaba Group Holding Limited from $135.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $142.21.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

What are top analysts saying about Alibaba Group Holding Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alibaba Group Holding Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit