Alibaba Group Holding Ltd (NYSE:BABA) Holdings Raised by Hoylecohen LLC

Hoylecohen LLC boosted its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,751 shares of the specialty retailer’s stock after acquiring an additional 440 shares during the period. Hoylecohen LLC’s holdings in Alibaba Group were worth $2,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. Amundi Pioneer Asset Management Inc. grew its holdings in Alibaba Group by 9.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 4,520,027 shares of the specialty retailer’s stock valued at $824,676,000 after buying an additional 393,477 shares in the last quarter. Tortoise Index Solutions LLC purchased a new stake in Alibaba Group during the 1st quarter valued at approximately $115,000. Everett Harris & Co. CA grew its holdings in Alibaba Group by 7.1% during the 1st quarter. Everett Harris & Co. CA now owns 1,953 shares of the specialty retailer’s stock valued at $356,000 after buying an additional 130 shares in the last quarter. MYDA Advisors LLC purchased a new stake in Alibaba Group during the 1st quarter valued at approximately $1,460,000. Finally, Wilbanks Smith & Thomas Asset Management LLC grew its holdings in Alibaba Group by 27.2% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,334 shares of the specialty retailer’s stock valued at $608,000 after buying an additional 713 shares in the last quarter. Institutional investors own 40.68% of the company’s stock.

NYSE BABA opened at $160.33 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. The firm has a market cap of $409.89 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 1.17 and a beta of 2.32. Alibaba Group Holding Ltd has a 52 week low of $129.77 and a 52 week high of $211.12.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, topping the consensus estimate of $0.75 by $7.82. The company had revenue of $93.50 billion during the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. Alibaba Group’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.73 earnings per share. Analysts predict that Alibaba Group Holding Ltd will post 5.1 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the stock. UBS Group set a $210.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a report on Tuesday. Loop Capital initiated coverage on shares of Alibaba Group in a report on Monday, June 3rd. They issued a “buy” rating and a $250.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a report on Friday, May 24th. Barclays raised their target price on shares of Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Finally, Raymond James cut their target price on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a report on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $218.39.

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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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