Nwam LLC Has $1.38 Million Holdings in Alibaba Group Holding Limited (BABA)

Nwam LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 13.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,972 shares of the specialty retailer’s stock after purchasing an additional 951 shares during the period. Nwam LLC’s holdings in Alibaba Group Holding Limited were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BABA. AJO LP increased its position in shares of Alibaba Group Holding Limited by 55.5% during the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after acquiring an additional 47,324 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Alibaba Group Holding Limited by 18.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after acquiring an additional 16,528 shares during the period. Good Life Advisors LLC purchased a new position in shares of Alibaba Group Holding Limited during the second quarter worth approximately $218,000. Aperio Group LLC increased its position in shares of Alibaba Group Holding Limited by 10.6% during the third quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock worth $33,579,000 after acquiring an additional 18,663 shares during the period. Finally, Sylebra HK Co Ltd increased its position in shares of Alibaba Group Holding Limited by 0.5% during the first quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock worth $37,490,000 after acquiring an additional 1,631 shares during the period. 37.45% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Holding Limited (NYSE BABA) traded up $4.64 during trading hours on Monday, reaching $187.85. 8,191,288 shares of the company’s stock traded hands, compared to its average volume of 18,294,868. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm has a market cap of $469,229.06, a price-to-earnings ratio of 53.26, a price-to-earnings-growth ratio of 1.56 and a beta of 2.61. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the previous year, the business posted $0.74 EPS. sell-side analysts anticipate that Alibaba Group Holding Limited will post 3.96 EPS for the current year.

Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating in a report on Thursday. Needham & Company LLC lifted their price objective on shares of Alibaba Group Holding Limited from $155.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 18th. Vetr lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 price objective on the stock. in a report on Wednesday, August 16th. Royal Bank Of Canada lifted their price objective on shares of Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Finally, Bank of America Corporation lifted their price objective on shares of Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. Alibaba Group Holding Limited presently has a consensus rating of “Buy” and a consensus price target of $183.31.

WARNING: “Nwam LLC Has $1.38 Million Holdings in Alibaba Group Holding Limited (BABA)” was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/11/06/nwam-llc-has-1-38-million-holdings-in-alibaba-group-holding-limited-baba.html.

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.

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA).

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