Parsons Capital Management Inc. RI Buys Shares of 7,823 Alibaba Group Holding Ltd (BABA)

Parsons Capital Management Inc. RI bought a new stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) during the 4th quarter, Holdings Channel reports. The institutional investor bought 7,823 shares of the specialty retailer’s stock, valued at approximately $1,072,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BABA. Winslow Evans & Crocker Inc. lifted its holdings in shares of Alibaba Group by 5.4% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,296 shares of the specialty retailer’s stock worth $180,000 after buying an additional 66 shares during the period. Enterprise Financial Services Corp lifted its stake in shares of Alibaba Group by 25.5% during the 4th quarter. Enterprise Financial Services Corp now owns 354 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 72 shares during the last quarter. Arcadia Investment Management Corp MI lifted its stake in shares of Alibaba Group by 18.3% during the 4th quarter. Arcadia Investment Management Corp MI now owns 485 shares of the specialty retailer’s stock worth $66,000 after purchasing an additional 75 shares during the last quarter. Taylor Hoffman Wealth Management lifted its stake in shares of Alibaba Group by 6.3% during the 4th quarter. Taylor Hoffman Wealth Management now owns 1,282 shares of the specialty retailer’s stock worth $175,000 after purchasing an additional 76 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its stake in shares of Alibaba Group by 0.6% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 13,130 shares of the specialty retailer’s stock worth $1,800,000 after purchasing an additional 80 shares during the last quarter. 38.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BABA stock opened at $167.36 on Monday. 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 stock has a market capitalization of $428.63 billion, a PE ratio of 41.53, a PEG ratio of 1.63 and a beta of 2.31. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $211.70.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 41.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.63 earnings per share. Research analysts anticipate that Alibaba Group Holding Ltd will post 3.65 EPS for the current year.

A number of equities research analysts recently weighed in on BABA shares. Nomura decreased their price objective on Alibaba Group from $224.00 to $202.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Zacks Investment Research cut Alibaba Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. UBS Group decreased their price objective on Alibaba Group from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, October 18th. HSBC upped their price objective on Alibaba Group from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 14th. Finally, Jefferies Financial Group set a $195.00 target price on Alibaba Group and gave the company a “buy” rating in a research report on Monday, November 26th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $211.09.

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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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