Wafra Investment Advisory Group Inc. NY Has $1,699,000 Holdings in Alibaba Group Holding Limited (BABA)

Wafra Investment Advisory Group Inc. NY maintained its position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,056 shares of the specialty retailer’s stock at the close of the 2nd quarter. Wafra Investment Advisory Group Inc. NY’s holdings in Alibaba Group Holding Limited were worth $1,699,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BABA. Shine Investment Advisory Services Inc. purchased a new stake in shares of Alibaba Group Holding Limited during the 2nd quarter valued at $102,000. FNY Managed Accounts LLC purchased a new stake in shares of Alibaba Group Holding Limited during the 1st quarter valued at $107,000. Lee Financial Co raised its position in shares of Alibaba Group Holding Limited by 45.5% during the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares in the last quarter. Winch Advisory Services LLC raised its position in shares of Alibaba Group Holding Limited by 147.4% during the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Alibaba Group Holding Limited during the 2nd quarter valued at $116,000. Hedge funds and other institutional investors own 37.39% of the company’s stock.

Several analysts have recently weighed in on BABA shares. Vetr upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 price objective on the stock in a research report on Monday, August 28th. Stifel Nicolaus raised their price objective on shares of Alibaba Group Holding Limited from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, August 21st. BidaskClub cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Monday. Finally, Oppenheimer Holdings, Inc. raised their price objective on shares of Alibaba Group Holding Limited to $200.00 and gave the company an “outperform” rating in a research report on Sunday, September 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $176.12.

Shares of Alibaba Group Holding Limited (NYSE BABA) traded up 0.58% during midday trading on Tuesday, hitting $183.15. 8,304,660 shares of the stock were exchanged. The stock has a market cap of $465.75 billion, a P/E ratio of 60.79 and a beta of 2.61. The firm has a 50 day moving average of $174.02 and a 200-day moving average of $142.85. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $184.46.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the prior year, the business earned $0.74 EPS. Equities research analysts anticipate that Alibaba Group Holding Limited will post $4.94 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This report was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.com-unik.info/2017/10/10/wafra-investment-advisory-group-inc-ny-has-1699000-holdings-in-alibaba-group-holding-limited-baba.html.

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