Lakeview Capital Partners LLC Has $313,000 Stock Position in Alibaba Group Holding Ltd (NYSE:BABA)

Lakeview Capital Partners LLC increased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 12.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,873 shares of the specialty retailer’s stock after purchasing an additional 213 shares during the quarter. Lakeview Capital Partners LLC’s holdings in Alibaba Group were worth $313,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BABA. Buckingham Capital Management Inc. grew its holdings in Alibaba Group by 56.2% during the 1st quarter. Buckingham Capital Management Inc. now owns 8,316 shares of the specialty retailer’s stock worth $1,517,000 after acquiring an additional 2,993 shares during the last quarter. Private Asset Management Inc. grew its holdings in Alibaba Group by 4.9% during the 2nd quarter. Private Asset Management Inc. now owns 33,884 shares of the specialty retailer’s stock worth $5,742,000 after acquiring an additional 1,574 shares during the last quarter. Fulton Bank N.A. grew its holdings in Alibaba Group by 24.1% during the 2nd quarter. Fulton Bank N.A. now owns 1,695 shares of the specialty retailer’s stock worth $287,000 after acquiring an additional 329 shares during the last quarter. Flossbach von Storch AG Zurich grew its holdings in Alibaba Group by 147.3% during the 2nd quarter. Flossbach von Storch AG Zurich now owns 35,175 shares of the specialty retailer’s stock worth $5,960,000 after acquiring an additional 20,950 shares during the last quarter. Finally, WINTON GROUP Ltd grew its holdings in Alibaba Group by 23.3% during the 2nd quarter. WINTON GROUP Ltd now owns 1,892 shares of the specialty retailer’s stock worth $321,000 after acquiring an additional 357 shares during the last quarter. Institutional investors and hedge funds own 43.50% of the company’s stock.

A number of brokerages have commented on BABA. Jefferies Financial Group assumed coverage on shares of Alibaba Group in a report on Monday, August 5th. They set a “buy” rating and a $216.00 price objective on the stock. SunTrust Banks dropped coverage on shares of Alibaba Group in a research note on Friday, November 1st. Vertical Group assumed coverage on shares of Alibaba Group in a research note on Wednesday, October 23rd. They issued a “buy” rating on the stock. KeyCorp reduced their target price on shares of Alibaba Group from $245.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus set a $225.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty-five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $225.78.

Shares of NYSE:BABA traded up $0.50 during mid-day trading on Friday, reaching $187.16. The stock had a trading volume of 19,462,817 shares, compared to its average volume of 15,878,246. The firm has a market cap of $476.21 billion, a PE ratio of 52.13, a price-to-earnings-growth ratio of 1.23 and a beta of 2.26. The firm has a 50 day simple moving average of $173.53 and a two-hundred day simple moving average of $170.99. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $195.72.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 1st. The specialty retailer reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.30. The business had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.72 billion. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. On average, equities analysts anticipate that Alibaba Group Holding Ltd will post 5.94 EPS for the current fiscal year.

About Alibaba Group

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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