1,050 Shares in Alibaba Group Holding Limited (BABA) Purchased by Capital Analysts LLC

Capital Analysts LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,050 shares of the specialty retailer’s stock, valued at approximately $181,000.

Other hedge funds also recently made changes to their positions in the company. Ronald Blue & Co. LLC increased its stake in Alibaba Group Holding Limited by 0.7% during the 2nd quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock worth $487,000 after purchasing an additional 25 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in Alibaba Group Holding Limited by 1.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock worth $318,000 after purchasing an additional 30 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in Alibaba Group Holding Limited by 2.9% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock worth $261,000 after purchasing an additional 52 shares in the last quarter. Steinberg Global Asset Management increased its stake in Alibaba Group Holding Limited by 1.9% during the 2nd quarter. Steinberg Global Asset Management now owns 3,190 shares of the specialty retailer’s stock worth $449,000 after purchasing an additional 59 shares in the last quarter. Finally, Partnervest Advisory Services LLC increased its stake in Alibaba Group Holding Limited by 1.8% during the 2nd quarter. Partnervest Advisory Services LLC now owns 3,650 shares of the specialty retailer’s stock worth $514,000 after purchasing an additional 65 shares in the last quarter. 37.47% of the stock is owned by institutional investors.

A number of research firms recently issued reports on BABA. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $220.00 target price (up from $200.00) on shares of Alibaba Group Holding Limited in a research note on Monday, November 6th. Zacks Investment Research raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 target price for the company in a research note on Wednesday, November 8th. BidaskClub raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Needham & Company LLC raised their price target on shares of Alibaba Group Holding Limited from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird raised their price target on shares of Alibaba Group Holding Limited from $190.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $184.20.

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Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down $1.49 during midday trading on Monday, hitting $184.92. The company had a trading volume of 14,388,226 shares, compared to its average volume of 14,827,669. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $191.22. The company has a market capitalization of $478,090.00, a PE ratio of 54.19, a P/E/G ratio of 1.41 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter last year, the business earned $0.74 earnings per share. research analysts anticipate that Alibaba Group Holding Limited will post 4.31 earnings per share for the current year.

About Alibaba Group Holding Limited

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 Holding Limited (NYSE:BABA)

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