Alibaba Group Holding Ltd (NYSE:BABA) Stock Holdings Increased by Brinker Capital Inc.

Brinker Capital Inc. boosted its position in Alibaba Group Holding Ltd (NYSE:BABA) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,451 shares of the specialty retailer’s stock after buying an additional 2,280 shares during the quarter. Brinker Capital Inc.’s holdings in Alibaba Group were worth $3,253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BABA. Enterprise Trust & Investment Co bought a new position in shares of Alibaba Group during the third quarter valued at approximately $27,000. Lee Financial Co grew its holdings in shares of Alibaba Group by 194.6% during the second quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 109 shares during the last quarter. WealthStone Inc. bought a new position in shares of Alibaba Group during the second quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. grew its holdings in shares of Alibaba Group by 100.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. Finally, Coastal Capital Group Inc. bought a new position in shares of Alibaba Group during the second quarter valued at approximately $34,000. 43.44% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on BABA shares. Oppenheimer set a $215.00 target price on Alibaba Group and gave the company a “buy” rating in a report on Tuesday, September 17th. Jefferies Financial Group started coverage on Alibaba Group in a report on Monday, August 5th. They set a “buy” rating and a $216.00 target price for the company. Nomura set a $215.00 target price on Alibaba Group and gave the company a “buy” rating in a report on Tuesday, October 15th. HSBC upped their target price on Alibaba Group from $230.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $210.00 target price on shares of Alibaba Group in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $223.48.

Shares of NYSE BABA opened at $169.89 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $173.33 and a 200-day simple moving average of $171.72. The company has a market cap of $434.89 billion, a PE ratio of 47.32, a P/E/G ratio of 1.09 and a beta of 2.27. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $195.72.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.32. The business had revenue of $114.92 billion during the quarter, compared to the consensus estimate of $111.65 billion. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The business’s revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. Sell-side analysts forecast that Alibaba Group Holding Ltd will post 5.73 earnings per share for the current fiscal year.

Alibaba Group Company 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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