Outfitter Advisors LTD. Invests $527,000 in Alibaba Group Holding Limited (BABA) Stock

Outfitter Advisors LTD. purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,050 shares of the specialty retailer’s stock, valued at approximately $527,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. bought a new stake in shares of Alibaba Group Holding Limited in the second quarter worth $102,000. FNY Managed Accounts LLC bought a new stake in shares of Alibaba Group Holding Limited in the first quarter worth $107,000. Lee Financial Co lifted its position in shares of Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 250 shares in the last quarter. Winch Advisory Services LLC lifted its position in shares of Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Alibaba Group Holding Limited in the second quarter worth $116,000. 37.45% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts have recently commented on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $210.00 price objective on shares of Alibaba Group Holding Limited in a research report on Friday. KeyCorp reaffirmed a “buy” rating on shares of Alibaba Group Holding Limited in a research report on Friday. Robert W. Baird upped their price target on shares of Alibaba Group Holding Limited from $190.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday. Needham & Company LLC upped their price target on shares of Alibaba Group Holding Limited from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday. Finally, BidaskClub raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $183.31.

Alibaba Group Holding Limited (BABA) traded up $4.78 during mid-day trading on Monday, hitting $187.99. 10,179,266 shares of the stock were exchanged, compared to its average volume of 18,294,868. The company has a market capitalization of $469,229.06, a PE ratio of 53.26, a P/E/G ratio of 1.56 and a beta of 2.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week 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 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. During the same quarter in the prior year, the business earned $0.74 earnings per share. sell-side analysts forecast that Alibaba Group Holding Limited will post 3.96 EPS for the current fiscal year.

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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