Alibaba Group Holding Ltd (BABA) Holdings Lifted by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC grew its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 67.9% during the first quarter, HoldingsChannel.com reports. The firm owned 4,019 shares of the specialty retailer’s stock after purchasing an additional 1,626 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Alibaba Group were worth $733,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BABA. Norges Bank purchased a new position in shares of Alibaba Group during the 4th quarter worth $1,734,020,000. BlackRock Inc. lifted its stake in shares of Alibaba Group by 7.4% during the 4th quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after purchasing an additional 4,674,615 shares during the period. Federated Investors Inc. PA lifted its stake in shares of Alibaba Group by 449.8% during the 3rd quarter. Federated Investors Inc. PA now owns 3,691,425 shares of the specialty retailer’s stock worth $608,200,000 after purchasing an additional 3,020,054 shares during the period. Nordea Investment Management AB purchased a new position in shares of Alibaba Group during the 3rd quarter worth $490,205,000. Finally, Legal & General Group Plc lifted its stake in shares of Alibaba Group by 40.4% during the 4th quarter. Legal & General Group Plc now owns 7,770,872 shares of the specialty retailer’s stock worth $1,065,152,000 after purchasing an additional 2,234,676 shares during the period. 40.27% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the company. Argus reissued a “buy” rating on shares of Alibaba Group in a research note on Friday, February 1st. HSBC increased their price target on Alibaba Group from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 14th. Stifel Nicolaus reissued a “buy” rating and set a $180.00 price target (up previously from $175.00) on shares of Alibaba Group in a research note on Thursday, January 31st. KeyCorp set a $200.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, ValuEngine lowered Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and a consensus target price of $211.54.

Shares of BABA traded up $0.87 during trading hours on Tuesday, hitting $183.94. The stock had a trading volume of 230,250 shares, compared to its average volume of 12,100,666. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $468.87 billion, a P/E ratio of 45.63, a price-to-earnings-growth ratio of 1.32 and a beta of 2.31. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $211.70.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping the consensus estimate of $1.36 by $10.83. The business had revenue of $117.28 billion for the quarter, compared to analyst estimates of $118.52 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The business’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. Sell-side analysts predict that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current year.

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Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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