Financial Partners Capital Management LLC Boosts Position in Alibaba Group Holding Limited (BABA)

Financial Partners Capital Management LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,715 shares of the specialty retailer’s stock after buying an additional 100 shares during the quarter. Financial Partners Capital Management LLC’s holdings in Alibaba Group Holding Limited were worth $664,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. acquired a new position in Alibaba Group Holding Limited during the second quarter valued at approximately $102,000. Lee Financial Co boosted its position in Alibaba Group Holding Limited by 45.5% during the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 250 shares during the last quarter. Winch Advisory Services LLC boosted its position in Alibaba Group Holding Limited by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 482 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Alibaba Group Holding Limited during the second quarter valued at approximately $116,000. Finally, Carroll Financial Associates Inc. boosted its position in Alibaba Group Holding Limited by 9.4% during the second quarter. Carroll Financial Associates Inc. now owns 930 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

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Alibaba Group Holding Limited (NYSE:BABA) traded up 0.91% during trading on Tuesday, reaching $183.75. The company’s stock had a trading volume of 8,748,232 shares. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $184.46. The stock’s 50 day moving average is $174.02 and its 200 day moving average is $142.85. The company has a market cap of $467.28 billion, a price-to-earnings ratio of 60.99 and a beta of 2.61.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter in the prior year, the business posted $0.74 earnings per share. On average, equities analysts expect that Alibaba Group Holding Limited will post $4.94 EPS for the current fiscal year.

Several brokerages recently commented on BABA. Zacks Investment Research raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Monday. Raymond James Financial, Inc. reissued a “strong-buy” rating on shares of Alibaba Group Holding Limited in a research report on Thursday, October 5th. Vetr cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $199.42 price target for the company. in a research report on Wednesday, October 4th. Jefferies Group LLC reissued a “buy” rating and set a $160.00 price target on shares of Alibaba Group Holding Limited in a research report on Thursday, September 21st. Finally, Cantor Fitzgerald began coverage on Alibaba Group Holding Limited in a research report on Friday, September 22nd. They set an “overweight” rating and a $213.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-four have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $176.12.

Alibaba Group Holding Limited 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.

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

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