Regal Investment Advisors LLC Acquires 990 Shares of Alibaba Group Holding Ltd (BABA)

Regal Investment Advisors LLC raised its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 58.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,686 shares of the specialty retailer’s stock after acquiring an additional 990 shares during the quarter. Regal Investment Advisors LLC’s holdings in Alibaba Group were worth $463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BABA. Schwab Charles Investment Management Inc. increased its position in Alibaba Group by 23.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,011 shares of the specialty retailer’s stock valued at $3,102,000 after acquiring an additional 4,113 shares during the period. Ark Investment Management LLC increased its position in Alibaba Group by 18.6% in the 2nd quarter. Ark Investment Management LLC now owns 55,464 shares of the specialty retailer’s stock valued at $7,815,000 after acquiring an additional 8,696 shares during the period. Krilogy Financial LLC increased its position in Alibaba Group by 115.4% in the 2nd quarter. Krilogy Financial LLC now owns 1,077 shares of the specialty retailer’s stock valued at $152,000 after acquiring an additional 577 shares during the period. Colony Group LLC increased its position in Alibaba Group by 20.1% in the 2nd quarter. Colony Group LLC now owns 3,767 shares of the specialty retailer’s stock valued at $531,000 after acquiring an additional 630 shares during the period. Finally, Covington Capital Management acquired a new position in Alibaba Group in the 2nd quarter valued at approximately $256,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

BABA has been the topic of a number of analyst reports. Needham & Company LLC upped their price objective on shares of Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. BidaskClub raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group in a research note on Monday, October 16th. Macquarie reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Alibaba Group in a research note on Monday, October 16th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Alibaba Group in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $211.40.

Alibaba Group Holding Ltd (NYSE:BABA) opened at $176.67 on Friday. The stock has a market cap of $460,220.00, a price-to-earnings ratio of 43.20, a P/E/G ratio of 1.41 and a beta of 2.58. Alibaba Group Holding Ltd has a 12 month low of $100.11 and a 12 month high of $206.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.08). The company had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same period in the prior year, the company earned $1.30 earnings per share. analysts predict that Alibaba Group Holding Ltd will post 4.05 EPS for the current year.

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Alibaba Group 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 (NYSE:BABA)

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